Pensioners are at risk of paying more tax than necessary by withdrawing over 25% of their fund in one lump sum, a Prudential analysis has found.

Savers using drawdown in retirement are potentially accessing their funds at an unsustainable rate, with money likely to run out within 25 years.

James Phillips explores how the upcoming judgement in the multi-stranded British Airways case could impact the sector

Follows focus group and consumer research

More than half a million employers have now been brought into the auto-enrolment (AE) regime with over 7.6 million people now saving in a pension.

The Department for Work and Pensions (DWP) has launched a consultation which considers allowing contracted-out pensioner members to transfer to schemes which have never been contracted-out.

Pitmans Trustees (PTL) has appointed Donny Hay as a client director in a small expansion of its team.

Lane Clark & Peacock (LCP) has promoted ten of its staff to partner.

This week's top stories included the ombudsman's ruling that wording in the Local Government Pension Scheme rules did not allow it to retain a fraudster's pension.

The Insolvency Service has shut down two trustee companies after an investigation found they had failed to seek independent investment advice, comply with their own governance statements, and adhere to regulation.