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The Department for Work and Pensions (DWP) says more than 500,000 people are expected to saving in a workplace pension through auto-enrolment for the first time by Christmas.

The amount of money being saved into defined contribution (DC) pension schemes has increased, according to the Office for National Statistics.

The average 50-year-old believes they need another £50,000 in savings and investments including pension and property equity in order to feel financially secure, new research* from MetLife shows.

Preston-based financial advisory group Taylor Patterson has announced the promotion of four associate directors to director status.

The Skandia businesses within the Old Mutual group will be merged into a single business called Old Mutual Wealth. 

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