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Pensions gap grows to more than £31,000
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The average household is £31,546 short in their savings of the amount needed to give them a moderate standard of living in retirement, four times higher than five years ago.
FCA CEO pledges to 'revolutionise' financial advice
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FCA CEO Nikhil Rathi has pledged to “revolutionise financial advice” as part of a package of reforms to break down the barriers to business growth in financial services.
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Aggregate DB surplus falls to £226bn, says PPF
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The aggregate surplus of DB pension schemes dipped to £226.2bn at the end of December, according to the latest Pension Protection Fund (PPF) 7800 Index.
Pensions IHT changes to exacerbate probate issues
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The change to the treatment of pensions under inheritance tax rules due to take force from 2027 will exacerbate existing delays in probate cases, according to a report from wealth manager and Financial Planner Quilter.
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FCA fines tripled in 2024 compared to 2023
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New analysis of FCA fines data has revealed that the total amount of financial penalties imposed by the regulator in 2024 tripled compared to 2023.