There is still a high propensity to seek an adviser in the future Nearly half (44%) of people who do not use a financial adviser have said that it is due to a lack of understanding of what they can offer them. This is according to the Intergenerational Wealth Report 2023 conducted by TIME Investments in January 2023 among 500 people – …
Hot annuities market brings break-even point average five years closer
Payback period on a benchmark £100,000 annuity today is 14.5 years Current record annuity rate levels have pulled the break-even point for holders closer by five years, latest statistics show. Canada Life yesterday (26 June) published figures which reconfirm the significant improvement in rates over the last 18 months. These improvements mean the payback period on a £100,000 benchmarked annuity …
Government to ban cold calling on all financial products
The ban will cover all financial products, including insurance and cryptocurrency schemes. The UK government is set to announce a ban on all cold calls selling financial products as part of a crackdown on scams. The move will extend a current ban which stops cold calls about pension products so it covers all financial products, including insurance and cryptocurrency schemes. …