UK - People are not financially literate enough to cope with personal finance, a survey of UK finance directors shows.
Three-quarters of respondents to the Reed Insurance survey felt the general public did not know enough to make the best decisions for their financial future.
Finance directors were quick to blame the government – especially over failures in the pensions sector.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.