Technology challenge

technology

As giving advice on retirement becomes ever more complicated advisers may find it useful to use e-tools which can help construct portfolios, monitor their progress and make changes

A key challenge for the financial services industry as a whole is to help consumers understand that a pension is simply a long-term investment product. Too many people, even those with a pension, view it as a complicated product that they do not understand. Recent research shows that 50% of people with a pension do not know what type of investments they hold within their plan, despite the fact that their pension fund is likely to be their second biggest asset after their home. If the industry can change this perception so that consumers realise that a pension is simply a tax efficient lon...