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The government should end the cycle of “short-term thinking” and the politicising of pensions policy with the introduction of a long-term savings commission for defined contribution (DC) savers, an industry report has found.
Tool uses ‘complete and continuously maintained datasets’
With the cost of a comfortable retirement on the rise, savers need to make sure their nest egg is as large as possible. One thing that will make a difference – to the tune of thousands of pounds – is choosing a provider with the cheapest fees, especially if you opt for a self-invested personal pension (Sipp).
Firms need to “embrace the huge opportunity to shape the financial advice sector”, the Financial Conduct Authority (FCA) has said.
The advice industry is embracing artificial intelligence (AI) though there are risks firms need to remain aware of, the Financial Conduct Authority (FCA) says.