Government should implement an early warning system so people can get advice on their pensions ten years from retirement age according to Axa Life Invest.
UK managing director Simon Smallcombe believes such a move would help people to make necessary changes to improve their retirement outcomes. "Putting such a thing in place would be a great step forward in terms of helping people to feel more confident about retirement," he said. "It would enable people to have a conversation about what steps they can take to get a better retirement income." Alliance Bernstein managing director Tim Banks backed Smallcombe's view: "I would endorse a mandatory healthcheck on pensions as it would really help people understand more about the options availa...
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