The government announced that there will be no financial compensation for WASPI women, despite a report recommending compensation of up to £2,950 for each woman affected.

Former pensions minister Steve Webb says the news is "victory in 10 year campaign to end scandal of over-taxed pensions”.

Bell has completed this year’s annual statutory review of automatic enrolment thresholds.

The FCA's thematic review requires advisers to improve standards to demonstrate suitability of retirement income recommendations.

While two-thirds take 25% or less of their pension to stay within the tax-free allowance, 10% withdraw their entire pot.

30-year gilts yields are at their highest level since 1998.

The government has decided against introducing a financial compensation scheme for those affected by the delayed state pension age letters. 

92% of clients were advised to transfer out of their defined benefit pension schemes, resulting in over £126m of funds being transferred.

The regulator says millions of people could get more support with their pensions under new proposals.

Homeowners could release an average of £69,600 worth of equity release from their homes using equity release – a 20% increase on five years ago.