Pensions

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Confusion reigns over equity release

Research from over-50s specialist SunLife shows that when it comes to equity release, only 11 per cent of homeowners aged 55 or over fully understand how it works. Delving further into the responses from the 1,007 people questioned (of whom 30 per cent would considering taking out an equity release loan), 55 per cent didn’t […]

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Providers to pay a quarter of advisers’ FSCS fees

Providers will have to contribute 25 per cent of advisers’ Financial Services Compensation Scheme bills, the FCA has ruled today. Despite fierce opposition from some providers, and some advisers arguing that providers should pay up to 50 or 75 per cent in response to the FCA’s consultation, the regulator has decided to go ahead with […]

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UK savers face sharp decline in retirement income

UK savers can expect to receive 29 per cent of their working income in retirement from mandatory pension schemes, which is less than half the Organisation for Economic Co-operation and Development average. The OECD today released its Pensions at a Glance 2017 report, which compares global pension systems. The report says the net replacement rate from […]