Individuals should be saving around 15% of their annual salary into their defined contribution pension over 40 years if they are to have an adequate standard of living in retirement, Schroders has claimed.
More than two in five public sector workers are daunted about their finances after retirement, a survey undertaken by the Teachers Assurance financial education firm has found.
KPMG has warned that the implementation of Solvency II is likely to be further delayed after a key European Parliament session to approve proposed amendments to the regulations was put back until next year.
The growth of defined contribution pension schemes has made early retirement less attractive in the UK, giving it one of the EUs higher rates of employment of older people, a report by the International longevity Centre has found.
Assets worth nearly £29 trillion will be exposed to risk of flooding by 2050, an analysis by the Organisation for Economic Co-operation and Development has found.
The capital held by the world's reinsurance firms has grown to $510bn (£327.3bn), according to an analysis of the industry's finances by advisory firm Aon Benfield.
The governor of the Bank of England has reiterated that interest rates will not rise too soon despite criticism of his plan to keep rates low until unemployment falls below 7%.
