An individual retiring in 2017 will have a pension pot just three quarters of someone retiring in 2007 immediately before the crash, according to research by Fidelity International.

Hymans Robertson has appointed Tom Dunster to lead its equity research team in a newly-created position.

The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.

This week's top stories were potential strike action at Capita over closing its DB scheme, and Unite members narrowly rejecting Royal Mail plans to create cash balance scheme.

Industry says as professionals, punishment should be given due to their level of expertise.

Councillor Alan Schofield has been appointed to the Local Pensions Partnership's (LPP) board as a non-executive director, representing the shareholder Lancashire County Council.

Some 96% of retired households had disposable incomes of over £10,000 by the end of the 2016 financial year (FYE), a significant rise from just 21% in 1977, according to the Office for National Statistics (ONS).

Defined benefit (DB) transfer values remained fairly stable in July, falling by just £2,000 to £230,000 by the end of the month, according to Xafinity's monthly index.

Sir Derek Morris, who led the government's 2005 Morris review of the actuarial profession, has joined not-for-profit master trust Cheviot Trust.

The average pot size for members who actively select funds is £29,996 compared to just £3,790 for a defaulter, according to a study by Hargreaves Lansdown.