FundsNetwork's own self-invested personal pension (SIPP) is due to be launched in September and will carry a 0.25% fee.

Sustainable and well regulated growth in financial services could generate an additional 265,000 jobs and boost GDP by between 2% and 3% by 2020, a report from PwC has found.

Two Wall Street 'vulture funds' have seized control of part of Co-operative Bank's finances, the Sunday Times reports.

David Cameron has refused to rule out future tax rises but says his overall aim is to "give people back some of their hard earned money" as economic conditions improve, the BBC reports.

A million workers have now been automatically enrolled into a workplace pension scheme, the government has said.

EYE-CATCHING

HSBC will no longer offer its Workplace Retirement Services (WRS) through external advisers, it has confirmed.

A pension liberation website - Pension Cash Now - has had one of its adverts banned by the Advertising Standards Authority (ASA).

The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.

The GAD drawdown yield for August has been set 2.75%, up a quarter of a per cent on July, meaning drawdown pensioners can increase the amount of income they can take from their pot.