UK - The Pre-Retirement Association has launched a website aimed at educating the public about money and financial management.
The site – www.learnaboutmoney.org – has been set up over concerns that employers and the state continue to pass the responsibility for retirement provision to individuals and due to the low level of financial education among the public.
PRA chairman Peter Brew said: “We have heard a lot of rhetoric from many people about the need for financial education but little has been done.”
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.