Almost one in five (16%) of Britons had accessed funds from their pension savings without understanding the rules before doing so, according to a new report.

Almost one in five (16%) of schemes with under £100m in assets scrutinised by The Pensions Regulator (TPR) as part of a pilot into the effectiveness of its new rules over value for member assessments has opted to wind down.

Almost a fifth of retirees are being forced to return to work or to consider doing so because of struggling finances, research from Standard Life has revealed.

Schroders and the Pensions Management Institute (PMI) have today launched what they've called a Lifetime Savings Initiative, a project to shine a light on the challenges facing UK savers.

A 65-year-old with a £100,000 pension could get themselves up to £7,430 per year from an annuity, the highest since last October, according to data from Hargreaves Lansdown.

Private equity investor Pollen Street Capital is to acquire SIPPs and Financial Planning firm Mattioli Woods in a £432m deal announced today.

Underlying profit before tax rose 18% year-on-year to £17.1m (H1 FY23: £14.5m) for wealth manager and Financial Planner Brooks Macdonald for the six months ended 31 December.

Chancellor Jeremy Hunt has reaffirmed the Government’s plans to give people one ‘pension pot for life’, moveable from job to job, despite concerns shared by the financial advice industry.

The FCA has launched a criminal investigation into Newcastle-based wealth manager WealthTek LLP following the discovery of an £81.5m gap in the firms’ finances.

SSAS providers have hailed a victory as the Department of Work and Pensions has ditched a plan to potentially charge SSAS schemes a £10,000 general levy.