Phoenix Life has backed down from demanding a saver get financial advice before it would release his £13,300 pension pot.
The pension group had said Fred Ford must provide proof he had consulted a financial adviser about his decision to withdraw all of his pension, which came with the benefit of a guaranteed annuity rate....
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.