Category: financial planning & Uncategorized
Research from retirement specialist Retirement Advantage has found that two-thirds (65%) of people aged 55 and over who are not yet retired believe that it should be compulsory to receive financial advice at retirement. The provider is calling for a clear hand-off to regulated financial advice when people are seeking help to take the next steps at retirement.
Category: financial planning & Uncategorized
In the UK Financial Ombudsman News Issue 124, Jane Vass Head of Public Policy, Age UK summarises the charityâs view of the issues surrounding successfully putting in place power of attorney arrangements, in dealings with the banks and finance businesses.
Category: financial planning & Investments & Uncategorized
New research from Experian has revealed key factors driving people to pull out of an application for a financial product or service. A lengthy application process is the number one frustration felt by over half (51 per cent) of UK adults applying for financial products and services, according to new research by Experian, the global information services company. The research, which looks at the top frustrations causing customers to pull out of an application, found that two fifths (40 per cent) of adults were deterred by the length and complexity of the application form, putting them off completing the application altogether.
Category: financial planning & Uncategorized
Up to 2.3 million homeowners aged 55 and over are banking on raising money from their homes through downsizing and on average hope to raise around ÂŁ85,300 each from their property deals, according to new research from Prudential. When asked how they plan to make use of the money raised, over-55 downsizers are equally as likely to splash out on a one-off purchase (42%) as they are to save or invest a sum (41%). Nearly three in 10 (29%) are planning to put some of the money into their pension pots.
Category: financial planning & Investments & Risk & Uncategorized
