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Fund manager Vanguard is to axe its low-cost Financial Planning arm which was launched in April 2021.

Pensions Minister Laura Trott said this week that the Pensions Dashboards will be delayed and will miss the 31 August deadline when the first connections were due.

Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.

The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

Discretionary fund manager 7IM has launched what it describes as a “pioneering” Retirement Income Solution (RIS) on its platform.

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