Ian Bell and Erin Sims say the introduction of dashboards could leave savers vulnerable to unregulated advice
Bravura research finds 73% of workplace pension savers want advice from providers
BNY Mellon finds pre-retirees will find it ‘increasingly difficult’ to plan without advice
HUB analysis of FCA data shows just one in ten considered switching to a flexible DC plan
HUB says members should not think they have ‘missed the boat’ on reviewing DB options
Tailored personal financial guidance in addition to group advice will be provided
Employers should do more to engage members with pensions and help them harness the full potential of their options to reach a good retirement outcome, according to research.
Follows focus group and consumer research
The government is to change the definition of financial advice for regulated firms - replacing, with effect from 3 January 2018, the two existing interpretations with a single one based on the Markets in Financial Instruments Directive (MiFID) definition...
Policymakers must do more to boost basic financial literacy so people can make good decisions and adequately plan for their retirement.