Industry

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

The Office for National Statistics (ONS) has updated the basket of goods used to calculate inflation to include e-cigarettes, craft beer and subscriptions to music streaming service Spotify.

PP looks at a decade of cuts

There is a risk that pensioner poverty will increase after the implementation of freedom and choice from next month, according to a leading think tank.

Asset price volatility means pensioners on drawdown could suffer annual income drops of up to 50% which could hit living standards, warns the International Longevity Centre-UK (ILC-UK).

PP looks at what the three main parties say about pensions

Regular exercise, healthy diets and avoiding smoking have had a greater impact on longevity improvements than medical advancements, according to Lord Robert Winston.

The Financial Conduct Authority (FCA) can "sympathise" with the pensions industry's frustration over the twin regulatory regime according to the watchdog's chief executive.

Up to £5.5bn is being sat on by retirees who have deferred taking their pensions ahead of the changes coming in this April, according to Origo.

Pension members are at risk of receiving "unscrupulous" advice on defined benefit (DB) to defined contribution (DC) transfers in light of incoming reforms, warn actuaries.