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Retired households paid the equivalent of £45.6 billion in taxes over a year, new research has found, with the average retiree family paying out 30 per cent of annual income to the taxman.

The Office for National Statistics has projected that the number of people aged 65 and over will increase in all regions by an average of 22% between mid-2012 and mid-2022.

The chairman of the Sipp providers' association AMPS has forecast a further rise in the number of complaints about Sipps.

The retirement gap for the average retiree is nearly £6,000 per year, new research has shown.

James Hay Partnership has struck a deal that will lead to it taking on Capita's Sipp book.

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