The FTSE 100 was heading upwards this afternoon after a turbulent day of trading in London, up 18.38 points (0.43%) to 4,252.65.

Ascentric has signed a deal to provide platform services for the Montpellier SIPP.

Newcastle Intermediary Services has launched a deposit account specifically designed for SIPPs.

Pensions savers are losing faith in company schemes to provide for their retirement, with just two in five believing they will provide an adequate income, according to Scottish Widows.

The state pension age should be raised to 70, the author of an influential report into the future of pensions suggested yesterday, according to The Telegraph.

London markets opened higher this morning, regaining some of Thursday's lost ground, with the FTSE 100 up 12.32 points (0.29%) to 4,246.59.

The FSA will not be able to simply read-across its adviser charging rules to the group personal pension (GPP) market, according to industry experts.

The FSA will merge its retail and wholesale supervision departments as part of a wide-range of reforms in October.

London saw shares fall in early trading, with the FTSE 100 down 35.77 points (0.82%) to 4,304.94 as investors exercise caution ahead of key US employment data.

A list of the worst offenders for delayed annuity transfer has been released by the Annuities Clearing House (ACH), with Windsor Life and Phoenix topping the bill.