Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.
The UK’s ageing workforce is in crisis as most are in the dark when it comes to knowing the true cost of retirement and how much they need to save, says a survey by Aviva.
A report on the pensions awareness of Britain’s under-35s has exposed widespread ignorance of the pensions freedoms, two years on from the changes.
Andy Briggs, CEO of Aviva UK Life, is to take over as chairman of the life and pensions providers' association the ABI in October.
A Sipp has been made available on a new direct-to-consumer online platform aimed at retirees.
A ruling from the Pensions Ombudsman regarding a Sipp could make it harder for providers to stop customers from transferring to possible scam schemes, an expert believes.
Advisers have reported a significant jump in clients seeking advice since the sweeping reforms to pensions were announced in March.
Many of Britain's over-55s say that major changes to retirement income announced in the Budget and due to come into effect from April will have no impact on them, a new report shows.
Nearly a third of people in their 40s have no plans at all to fund their retirement and one in ten say they will 'work until they drop'.
Research examining people's views of the radical overhaul in pensions announced in the Budget found just over a quarter would seek help from financial advisers about their retirement plans.
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