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Self-invested personal pensions (SIPP) have failed to properly disclose retained interest charges linked to cash accounts and now face stricter regulatory rules.

Providers will not have to apply the ‘second line of defence' risk warning procedure to pension pots worth £10,000 or under, the Financial Conduct Authority (FCA) has said.

Non-advised annuity sales could be subject to a commission cap or an outright ban under plans being considered by the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.