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.
Inherent conflicts of interest within insurance intermediary firms are not being properly managed, a review by the Financial Conduct Authority has found.
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