Almost a million more people will fall into the higher rate tax band due to changes to tax thresholds made by the government, the Daily Telegraph reports.

With about five months to go until auto-enrolment begins just under 70% of employees remain unaware they will be affected by the changes, Aviva research has found.

Pension policymakers have been urged to attend a summit to address how to avoid the Retail Distribution Review (RDR) creating an ‘advice gap' for the poorest pensioners.

Aegon's UK group marketing director Paul McMahon has quit the business to join FNZ as its UK chief executive.

Locating the Prudential Regulation Authority (PRA) close to the Bank of England will cost about £1m more a year than keeping it in Canary Wharf.

Some 1,400 jobs at Yorkshire and Clydesdale banks are to be cut, with the 29 of the banks' Financial Solutions Centres also set to close.

Aviva has agreed to review pay deals for executives joining the insurer following shareholder discord over its remuneration report.

Final rules from the Financial Services Authority (FSA) on pension transfers mean it will be tougher for advisers to recommend moving cash from defined benefit (DB) to personal pensions.

An inquiry into the future of long term care and how best to prepare people for its cost has been launched by a group of MPs and peers.

Poor annuity rates and a bleak outlook for future improvements mean retirees should delay their purchase for as long as possible, an adviser has warned.