Women aged 55-59 have approximately half (54%) the pension wealth of men of the same age.
Women aged 55-59 have approximately half (54%) the pension wealth of men of the same age.
Digital tools are playing a growing role in pre-retirement decision-making, with half of near-retirees turning to provider apps and websites.
Most UK adults have lost track of at least some of their pension savings, with engagement high but understanding of retirement adequacy a significant gap, Aegon finds.
Thomas earned more than £173,000 in fees for providing unauthorised advice.
Those paying at 40% or 45% has risen from just under half a million in 2021/22 to over a million in 2026/27.
The issue relates to the two different ways in which pension tax relief is paid, but industry experts have warned there is a real risk of huge non take-up.
Millions are at risk of retirement shortfall as the UK fails to join up housing and pension policy, the Society of Pension Professionals says.
Annuity income has risen by over £100 in a few months.
Bell was first appointed to the role in January 2025 as part of a Cabinet reshuffle.
When asked about financial advice, just 11% of respondents said they had taken guidance from a financial adviser.
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