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A new retirement study has found that the average Briton retires with an annual income almost 24% less than the minimum wage.

Suffolk Life has revealed that it will run an execution-only Sipp being planned by Cofunds.

The FCA has banned two partners at a Welsh firm of financial advisers for their role in a £112m Sipp-based investment strategy that saw nearly 2,000 of their customers advised to invest in high risk investments such as diamonds and overseas property via a Sipp.

The government may soon give individuals approaching retirement an estimate of their life expectancy to help with retirement planning, according to reports.

Research examining people's views of the radical overhaul in pensions announced in the Budget found just over a quarter would seek help from financial advisers about their retirement plans.

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