Editor’s Comment: The grim news about Generation X

I’ve often wondered exactly how many people regularly use an IFA and now we know - it’s about 8%, at least of the key so-called Generation X segment of the population, the important 39-54 year-olds.

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Only 8% of middle aged savers see an IFA regularly

A survey of 2,000 ‘Generation X’ individuals - those aged 39-54 - has revealed that 84% make key financial decisions alone or with their partner.

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Older savers shun consolidation of multiple pensions

One in 3 over 55s with a private pensions have more than one pension pot but this group are the least likely to consider consolidating multiple pensions, according to new research.

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Altmann urges standardised annual pension statements

Former Pensions Minister Baroness Ros Altmann has warned that the planned Pensions Dashboard will fail unless the government also introduces simple, standardised pension statements for all pension savers.

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