Financial News Roundup

Financial News Roundup

560 315 Peter Deane

Check out the financial news stories that caught our eye this week!

The Guardian: Number of over-70s still in work more than doubles in a decade

This week, The Guardian reported on new research surrounding the number of people working past retirement age. The ONS (Office for National Statistics) data states that almost half a million men over 70 are still working, up 135% on ten years ago. Around 175,000 women aged over 70 are still in work. The reasons are varied, with some forced to work in later life out of necessity, and some choosing to top up their pensions.

Read the full article here.

Money Marketing: Advisers still unable to match demand for profession

Money Marketing commented on the rising demand for financial advice, which is now at 71% for under 35s. Younger people are now seeking advice, but with only 26,000 advisers in the UK, meeting demand is difficult. Only around 15% of British adults regularly see a financial adviser.

Read the full article here.

Independent: £15bn worth of inheritance goes unclaimed, figures show

With 30 million people in the UK not having a will, passing on assets can often become problematic. The sensitive nature of the topic is partly to blame, with 30% of families saying they haven’t discussed wealth with their loved ones. New research found that £15bn is in accounts of deceased people, unclaimed by their families.

Read the full article here.

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