A study has suggested about 23 million people in the UK have not reviewed their pension plans at all over the past four years.

Over a million people have become financially responsible for both younger and older family members, according to a study.

The taxman has rubbished a report stating that many retirees will be "clobbered" with a 45% tax next April.

Changes to pension rules have provided members of older schemes with a "rare window of opportunity" to transfer to a new pension arrangement and retain any higher tax-free lump sum, a Sipps firm believes.

The James Hay Partnership has reported a "dramatic" increase in funds on platform.

A veteran pensions consultant with over 30 years of expertise, specialising in Sipps and SSAS, has left City Trustees to join Talbot and Muir.