Savers will be able to access up to £1,500 tax-free from their pension pots for financial advice under new government rules set to come into effect this April.
The Department for Work and Pensions (DWP) has outlined how a coalition of jobcentres and businesses can combine to support older workers to continue their careers or start new ones.
Money invested in cash individual savings accounts (ISAs) over the last 10 years would be worth £110bn more if it had been put into multi asset funds instead, according to a report from Royal London.
There are now approximately 14.8 million memberships of defined contribution (DC) pension schemes in the private sector, compared with 11.7 million in defined benefit (DB) ones according to The Pensions Regulator.
The average quoted premium for a typical car insurance policy is at a four-year high after increasing by 11.7% over 2016 to £633.06 according to the AAs latest British Insurance Index.
It has been found that 58% of senior-level executives in the insurance industry believe they are behind other financial services on implementing digital technologies, according to Willis Towers Watson (WLTW).
The UK is the worst country in Europe for availability of fiber broadband to the premise (FTTP) and ranked 54th in the world for 4G coverage, potentially costing the British economy billions of pounds.
Rising income equality and societal polarisation triggered by political change in 2016 could exacerbate risks worldwide if urgent action is not taken, according to the World Economic Forums (WEF) Global Risks Report 2017.
A recent survey by Aegon has found that only 8% of people in the UK speak to a financial advisor about the decisions they make, with 47% making them on their own.
