Comparison site MoneySupermarket has agreed to buy MoneySavingExpert for £87m from founder Martin Lewis.

Eight of the biggest annuity market players cut their rates in May, with Canada Life and Aviva both making a further cut on Thursday leaving retirees with stark options, analysis has found.

Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment.

The self-invested personal pension (SIPP) industry has rejected the Financial Services Authority's (FSA's) revised proposals for disclosure of charges warning the watchdog it has "wildly" underestimated implementation costs.

The abolition of protected rights from pension saving will make setting up flexible drawdown easier and quicker for advisers, providers have said.

An alliance of long-term care groups and campaigners has created a six-point plan calling for urgent and significant reform of the country's "unfair system".

The number of pensioners has doubled in the 60 years since the Queen took the throne and 44 times as many people reach age 100.

The Chancellor will not press ahead with the so-called 'pasty tax' after agreeing the plans were too complex and burdensome to business, according to reports.

Tony Morris, the man at the centre of the £52m GP Noble pension scheme fraud trial, began giving evidence in his defence yesterday.

OVERKILL?