Pensions  

Read it now: 14% of firms fear failure & Ssas popularity soars

Read it now: 14% of firms fear failure & Ssas popularity soars

Fourteen per cent of financial advice firms fear failing if the Covid-19 lockdown continues and they are unable to get funding, research has revealed.

As featured in Financial Adviser this week, the survey among adviser firms, carried out by PanaceaAdviser, revealed continued worries over professional indemnity insurance and fears of unexpected bills landing on them over the course of this year.

Meanwhile, our front-page story on small self-administered pension schemes revealed the pension product has soared in popularity during this Covid-19 crisis thanks to their loanback feature, specialists have claimed.

Ssas provider Whitehall Group said Ssas registrations in the first 10 days of April alone were almost eight times higher than figures reported for January as more people became aware of the loanback facility.

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Best wishes to you and your families at this time.

Simoney Kyriakou, editor