The government may soon give individuals approaching retirement an estimate of their life expectancy to help with retirement planning, according to reports.
The Wealth Management Association has criticised the amount of money its members will have to pay towards the Financial Services Compensation Scheme's levy.
Investors are increasingly aware of how their financial advisers and wealth managers are remunerated and are more likely to shop around when considering their financial options, research has found.
Nearly 40 per cent of people planning to retire this year have no idea what the state pension is worth despite many relying on it for their retirement.
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