Just one in three people accessing their pension pots last summer used them to provide some kind of retirement income, according to figures from the Financial Conduct Authority.
Almost 180,000 retirement pots were accessed using pension freedom between July and September last year, according to the FCA. The regulator said 178,990 pensions have been accessed by consumers to...
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.