Just over a quarter of workers earning more than £41,500 fail to claim the full 40% tax relief they are entitled to on pension contributions, according to research from Prudential.

The ‘poor value' legacy pension schemes highlighted by the Office of Fair Trading (OFT) account for just 10% of the market but the industry audit will "sort any problems", the Association of British Insurers (ABI) has said.

Enhanced annuity specialist Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

Hundreds of thousands of people are saving for retirement into pension schemes which are poor value for money due to high charges and poor governance, an investigation by the Office of Fair Trading has found.

Financial advisory group AFH Financial Group has announced a bond issuance to fuel its acquisition strategy.

Deputy prime minister Nick Clegg has promised people earning minimum wage will pay no income tax should the Liberal Democrats stay in government.

British businesses will face a bill of more than £15bn to properly comply with auto-enrolment regulations, according to research from a think tank.

Axa Wealth has introduced flexible drawdown to its Retirement Wealth Account (‘RWA'), the company's self-invested personal pension.

DIVORCE

Pensions minister Steve Webb is considering changing the law to combat the growing problem of pension liberation.