A man in bankruptcy has retained his personal pension after a High Court judge decided he should not be compelled to hand it over under an Income Payments Order (IPO).

Seven out of ten defined contribution (DC) pot holders aged over 55 would prefer pensions to deliver a guaranteed income for life, according to research published by the International Longevity Centre-UK (ILC-UK).

Steve Webb's pot follows member policy will initially be rolled out on an opt-in basis and be limited to a selection of pension schemes, the minister has said.

Additional safeguards should be placed on pension freedoms to ensure people do not burn through their pension pots in the first years of retirement or get caught out under tax rules, Age UK has said.

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Financial advisers look set to share a collective guidance guarantee bill of £4.2m in 2015-2016, according to government forecasts.

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The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.

IFA consolidator and advice business AFH Financial has seen its assets under administration break £1bn.

The Pensions Ombudsman (PO) has directed Standard Life to reconsider granting a transfer request to a suspected liberation vehicle after a scheme member complained about the provider.