Zurich UK Life has reported operating profits of £115m in 2014, up 6% on the previous 12 months.

George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.

The Pension Wise website has been launched by the government.

The Department for Work and Pensions (DWP) has published proposals to automatically transfer small pots when savers move jobs, with exemptions for funds outside the 0.75% charge cap.

Pensions minister Steve Webb has urged the next government to introduce joint ministers across pensions, ageing society and the Treasury to break down silos between the departments.

Old Mutual Wealth is to launch a flexi-access drawdown facility on its Collective Retirement Account ahead of pensions freedom on 6 April.

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