Unless there is a big surge in inflation in the next two months, the state pension will rise by 4.7% next April.
Hargreaves Lansdown has partnered with Schroders Capital to add two of its private markets long-term asset funds (LTAFs) to the platform.
Two-fifths, 39%, of people say a guaranteed income would be their main priority in retirement.
Of the 8.8m households in a position to invest, some 42% of them, almost 4m, do not bother, according to new research.
Only 27% of people say they are not reliant in some way on their partner’s pension, according to new research.
The average value of an annuity has soared 160% since 2021, according to newly-published client data from investment provider Hargreaves Lansdown.
The government is considering limiting the total value of one-off gifts that people can make during their lifetime under the potentially exempt transfer inheritance tax rules, according to reports.
Confidence among investors fell across all regions in August with the UK and Europe worst hit, according to the Hargreaves Lansdown Investor Confidence Index.
Population estimates issued by the Office for National Statistics suggest that women are set to hold most of the UK’s investment and pensions wealth.
The number of people inheriting ISAs is climbing quickly with investment provider Hargreaves Lansdown reporting that the number on its platform doing so has risen a third in a year (33%) and more than two thirds in two years (68%).
Four in 10 people say they are worried about upcoming changes to pensions and inheritance tax.
A quarter, 24%, of people have little to no idea about how much they and their employers are paying into their pension.
Hargreaves Lansdown has removed the Schroder Income fund from its Wealth Shortlist because of changes to the fund management team.
Work and Pensions Secretary Liz Kendall has confirmed that the third statutory Government review into when and how to raise the State Pension age will begin straightaway.
The Government is reviving the Pensions Commission to look at ways to tackle the problem of people not saving for their retirement.
The cash ISA allowance is looking unlikely to be cut next week, despite rumours circulating that Rachel Reeves could announce the move in her Mansion House speech on Tuesday 15 July.
FCA plans announced today to allow firms to offer ‘targeted support’ have been widely welcomed across the financial services sector.
The pension sector has been warned that it needs to accurately define adequacy targets to ensure people avoid under-saving for their retirement.
Pension experts said that today’s figures from the PLSA about retirement living standards should be a ‘wake-up call’ for savers.
Dan Olley, CEO of Hargreaves Lansdown, is to leave the firm less than two years after taking up the helm.
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