Pension freedoms amnesia: Some to run out of money too fast

A minority of pension holders appear to have forgotten why they saved in the first place, an analyst says, after new data showed they might run out of money in less than a decade.

Rory Percival, the FCA technical specialist, is leaving the regulator, it was revealed this afternoon.

Leading figures from the Financial Planning sector have hailed the work of the FCA’s Rory Percival after he announced he is to quit his job at the regulator.

Nearly four in ten Financial Planning professionals could be entering the robo-adviser market in the next 12 months, Financial Planning Today’s research suggests.

Investor confidence has rebounded from the Brexit blues, according to Hargreaves Lansdown, with a 19% jump having been recorded.

About 500 clients lost £128million because of pension liberation firms that have been wound up.

Advisers have been told they are missing out on ways to attract new clients by failing to get involved in sponsorship.

A CISI Fellow has left Charles Stanley to take on a new job as investment director with Brooks Macdonald.

A Financial Planner has described how he dealt with clients whose filing system was “basically a series of plastic tubs”.

The future for annuities looks ‘very gloomy’, with recent events having a ‘devastating’ impact, a Financial Planner says.