UK - Consumer confidence in pensions and long-term savings is increasing, new research shows.
The latest Association of British Insurers’ Pensions and Savings Index reveals that 33% of people are prepared to invest spare cash in savings – up from 26% in September 2003.
But head of pensions and savings, Joanne Segars, warned that the government would have to get its reforms right if “this boost in confidence is to be sustained”.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.