The deficits of the 200 largest private pension schemes have grown by 50% since 2006, according to Aon Hewitt.

Eric Daniels, chief executive of Lloyds Banking Group, says banks do not need breaking up and are ‘enormously competitive'.

Pensions minister Steve Webb has been forced to explain how he assessed housing costs for pensioners when deciding to switch pension indexation from the RPI to CPI.

Only one in ten advisers thinks there should be early access to pension funds for any reason, a Rowanmoor Pensions poll says.

A legal loophole could threaten PPF payouts in the event of company insolvencies, warns Ros Altmann.

Third way annuities provider Sun Life Financial of Canada has announced it will close to new business in the UK from 3 December, with 100 job losses across the business.

Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.

Age UK Enterprises, the business arm of Age UK, has teamed up with Premier Retirement Services, part of JLT Benefit Solutions, to create an online comparison site for annuities.

After months of historically poor annuity rates, six providers have increased their offers, according to the Hargreaves Lansdown Annuity Index.

More than half of the working population would save more into a pension if legislation did not act as a barrier, according to research from MetLife.