New research suggests that three in five UK adults have no life insurance. Public opinion researchers YouGov revealed in its Life and Health Protection 2015 report, published on 9 June, that 60 per cent of more than 2,000 people it surveyed had no life insurance of any kind. Of these, only 17 per cent had had … Continue reading UK adults snub life insurance →

Investors are upbeat about growth over the next 12 months but have been warned that they need to take a more “realistic approach” to investing. The Schroders Global Investment Trends Survey 2015, published on 13 May, questioned 20,706 individual investors in 28 countries, including the UK, who intended to invest €10,000 or the equivalent over … Continue reading Investors urged to take a more realistic approach →

More than one in seven (15 per cent) of people planning to retire this year have no pension savings, and will either be totally or heavily dependent on the state pension as their only source of regular retirement income, according to research by Prudential. In its eighth annual study tracking the plans and aspirations of … Continue reading State pension crucial to one in seven retirees →

Younger adults have been told that while their mums and dads’ advice is a good starting point for making important financial decisions, they also need to tap into professional expertise. The warning came after new research from financial products provider MetLife and unbiased.co.uk, through which consumers can find independent professional advisors, revealed that nearly half … Continue reading Young adults turn to parents for financial advice →

Divorced people planning to retire this year could see their expected retirement income cut by £2,100 a year, new research has found. Prudential’s annual “Class of” survey tracks the future plans and aspirations of people planning to retire in the next 12 months. Its Class of 2015 research, published on 16 April, found that for … Continue reading Retirees count cost of divorce →

The cost of funding long-term care is a key issue for their clients, say financial advisers. In a survey of 2,000 advisers by investment firm BlackRock, 66 per cent said that their clients were concerned about the potential cost of care in later life. The research also found that almost three-quarters (71 per cent) of … Continue reading Cost of care high on clients’ agenda, say financial advisers →

Pension providers handled more than 200,000 calls from customers in the first week following the introduction of new pension freedoms on 6 April. Members of the Association of British Insurers (ABI) reported that between 7 and 10 April, they received 229,932 phone calls from customers interested in finding out more about their pension options under … Continue reading Pension freedom calls flood in →