A new fund set up by seasoned fund manager Neil Woodford launched today as reports emerge that he is set to strike a deal with his former employers Invesco Perpetual.
Retired households across the country paid the equivalanet of £45.6 billion in taxes over a year, new research has found, with the average retiree family paying out 30 per cent of its annual income to the taxman.
Delegates planning to go to the Institute of Financial Planning Annual Conference have been reminded that today is the last chance to gain a 10% discount.
There will be an average rise of 22% in the number of people aged 65 and over between mid-2012 and mid-2022 in all regions of the country, the Office for National Statistics has projected.
The perception of Financial Planning as "dry, dusty and all about selling people things they may not really need" needs to be changed to attract more young people into the profession and help it thrive, an IFP director says.
Consumers still view pension providers and the Government as ultimately responsible for giving them a comfortable retirement – despite Budget reforms which aimed to give more individual control and power.
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