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Hargreaves Lansdown hits landmark 2m clients
Investment platform and SIPP provider Hargreaves Lansdown has notched up its milestone 2 millionth client and has also seen record assets under management, according to its 2025 Annual Report.
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JPMorgan to replace Nutmeg with new investment platform
JPMorgan is to launch a retail wealth management and investment business with its own DIY investment platform next month.
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Failed SIPP firm clients updated ahead of legal judgment
Clients of failed SIPP provider Hartley Pensions Limited - who have had funds ring-fenced - have been given an update from joint administrators UHY Hacker Young ahead of a legal judgment expected in late October.
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5 year gap between dream retirement age and expectation
While people dream about retiring at 62 they do not expect to be able to retire until they hit 67, according to new research.
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Sales of escalating annuities surge
Sales of escalating Guaranteed Income for Life annuities that have some inflation protection, accounted for a fifth of all sales in 2024/25 and have increased by 17% year-on-year.
'Retirement plans for many includes finding part time work'
Research carried out for Standard Life found many recent retirees had a desire to continue in some form of job, even if it was reduced hours.
A third of adults under the age of 44 said they would like to spend their retirement relaxing and getting pampered – but this fell to just 15% for those aged 65-74.
One in ten adults aged 65-74 said they would like to start a business in retirement – but this was the case for just three per cent approaching retirement - aged 45-64.
Researchers said their study suggested many missed the rush of the working world.
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While 66% wanted to keep working, some 54% in this age group said they would like to go travelling or on holidays.
Some 44% said they wanted to spend time with their partner and family.
Jamie Jenkins, pensions expert at Standard Life, said: "The research shows that for many the dreams of retirement can significantly differ from the reality. The desire to work in particular was quite surprising and is likely down to two reasons – either missing the buzz and camaraderie of the work environment, or perhaps not putting enough aside for their pension in their working life and deciding that they need more cash to play with."
Meanwhile Standard Life reported that its staff have seen a major rise in people using its online tools to explore retirement options since the pension reforms took effect earlier this month.