The Annual Conference of AMPS (the Association of Member-directed Pension Schemes) gets under way today (Weds 21 May) in London at a critical time for the sector, says chairman Neil MacGillivray.
Inflation figures released today show the Consumer Prices Index (CPI) rose from 1.6% to 1.8% during April and one impact is that the number of savings accounts that beat inflation has declined further.
The Financial Ombudsman Service, the government-backed independent watchdog that aims to settle disputes between consumers and financial businesses, reported a record 2.3m disputes in the past 12 months - equivalent to 40,000 a week.
The Financial Ombudsman is poised to report figures tomorrow which show a rise of approximately 50% in the number of Sipp complaints it has received in the past year.
Increasing use of income drawdown following the Budget annuity changes could see 20% of pensioners exhausting their funds before they die, pension experts have warned.
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