Labour's shadow secretary of state for work and pensions Owen Smith has warned the April pension freedoms will result in more mis-selling scandals.
Just Retirement and Partnership are looking to raise £150m in equity capital to help meet the costs of their planned £1.6bn merger announced in August.
Savers have invested more in regular income products than just taking cash since the April pension freedoms, according to the Association of British Insurers (ABI).
Royal London experienced growth of 61% in its drawdown business during the first half of the year amid demand created by the pension freedoms unleashed in April.
Fraudsters targeting pension pots in the wake of freedom and choice reforms are increasingly linking their efforts to investment scams such as fine wines and overseas property, Citizens Advice has warned.
Individual annuity sales at Legal and General (L&G) have fallen by more than half this year, and its bulk annuity business has failed to pick up the slack, figures show.
The government has confirmed it will consider a charge cap for when people access their pension freedoms if it finds evidence of excessive early exit charges.
Savers with the smallest defined contribution (DC) pension pots are struggling to access freedom and choice, the National Association of Pension Funds (NAPF) has warned.
With the Treasury set to consult on a charge cap to tackle excessive early exit fees, industry figures warn it will not work because it overlooks the real problem, writes Stephanie Baxter
The Treasury's action on punitive exit charges has been welcomed but there are concerns that clamping down too much on fees could be detrimental for savers.