Editor’s Comment: Why fearful savers shun investing

I’ve felt for a long time that what the fund management sector offers, and Financial Planners and advisers in turn recommend, is often far from what investors want to buy and two surveys this week back up that view.

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2 in 3 baby boomers shun nearly all investment risk

A large number of ‘baby boomers’ - those aged 55-73 - have little appetite for investment risk and 39%  have ‘zero’ willingness to take a risk with their money, according to a survey.

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Workers over 50 have retirement ‘FOMO’ fears - study

Research into retirement preferences among over-50s has revealed that many have a fear of missing out (‘FOMO’) when they finally stop working and many favour a phased retirement approach as a result.

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Aegon director blasts ‘unfair’ £175m FSCS levy

A director at Aegon has blasted today’s revelation that advisers will have to pay £175m in levy payments to the FSCS as “unfair”.

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