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The typical person aged 50-64 has pension savings that are 58% short of what they require, yet only one-in-five have spoken to a financial adviser about their pensions, the Social Market Foundation (SMF) says.
Research by the Social Market Foundation (SMF) think-tank revealed important gaps in knowledge and understanding of pensions and savings.The report, “A Guiding Hand” stated that the gap in the provision of good financial advice and guidance risks creating “real financial harm”.
The typical person aged 50-64 has pension savings that are 58% short of what they require, yet only one-in-five have spoken to a financial adviser about their pensions, The Social Market Foundation (SMF) says.
Think tank warns of ‘unforeseen consequences’ to older people moving from urban areas to coast or countryside
Almost four in 10 back road pricing to replace fuel duty and other taxes as people switch to electric cars