Providers must consider having a default option for retirees entering decumulation, according to speakers at a National Association of Pension Funds (NAPF) seminar.

Pension providers must ask clients a set of key questions before they access their pension pot and should also highlight the benefits of regulated advice, the Financial Conduct Authority (FCA) has said.

Ex-Treasury minister Mark Hoban is to quit parliament from May.

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St James's Place (SJP) funds under management were up 17% in the past 12 months reaching a record £52bn, latest figures show.