Six in ten millennials (59%) reckon their current life stage means they struggle to save for retirement, with only one in five (20%) saying paying into their pension is a priority.
Financial Planning firm Tavistock, which is in the middle of a legal spat with former business partner Titan Wealth Services, said profits climbed fifteenfold to £2.23m in the year to end of March, up from £0.14m in the previous 12 months.
Acquisitive wealth manager and Financial Planner Kingswood said group assets under advice and management (AUA&M) climbed to £12.9bn by the end of June, up 8.2% year-on-year.
Chancellor Rachel Reeves is likely to take a close look at pension tax relief as she looks at ways to raise money for the Treasury in her first Budget next month, consultants LCP have warned.
There's an urgent need for better at-retirement support, according to former pensions minister Steve Webb, who has called on the FCA to speed up its advice/guidance review.
Investment specialist Blackfinch Group has appointed industry veteran Mark Keogh to spearhead the growth of its managed portfolio service (MPS) and tailored portfolio service (TPS) offerings.
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