Financial education

Ros Altmann is to be nominated as a Conservative peer and will be made a minister with responsibility for consumer protection if the party wins next month's general election.

The vast majority of employers believe the retirement reforms announced in the Budget will require greater workplace financial education.

Defined contribution (DC) savers who intend to manage their own pension pot in retirement are unwilling to pay for regular advice, according to research from Hymans Roberston.

Almost half (48%) of UK companies do not believe the benefit programmes they have in place today will be fit for purpose in 2020, a report by the Economist Intelligence Unit reveals.