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The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Rathbone Brothers funds under management up 8.6 pct in H1

Reuters - UK Focus

LONDON, July 24 (Reuters) - UK wealth manager Rathbone Brothers said on Thursday that funds under management (FuM) rose 8.6 percent to 23.9 billion pounds ($40.70 billion) in the first half of the year.

Total (NYSE: TOT - news) net growth in FuM was 1.5 billion pounds, it added in a statement, an annualised growth rate of 14.3 percent compared with 9.4 percent in the same period a year earlier.

The company said its board had recommended a 19 pence interim dividend for 2014, an increase of 5.6 percent on 2013, and added that it expected recent acquisitions to have a positive effect on earnings in 2015. ($1 = 0.5873 British Pounds) (Reporting by Simon Jessop; editing by Nishant Kumar)