Retirement

Aviva has confirmed it is to buy rival insurer Friends Life in a deal worth £5.6bn which will create a combined business with 16 million customers.

The Pensions Regulator (TPR) has shut down a group of five pension liberation schemes that had taken more than £134m from more than 1,400 people.

Sales of drawdown contracts have more than doubled compared to the third quarter of last year while annuity purchases continue to fall, according to latest Association of British Insurers (ABI) statistics.

RP poll: Will the DWP’s ‘PensionsTube’ actually boost pension understanding?

Financial advisers are expected to benefit from the new regime which allows transfers between defined benefit (DB) and defined contribution (DC) schemes to the tune of £3.39m per year.

Catch up: Five retirement stories you might have missed

The Pensions Regulator (TPR) has appointed Lesley Titcomb as chief executive.

Only a third of advisers are currently qualified to provide long term care advice despite growing interest from advisers in the area, the Association of Professional Financial Advisers (APFA) has found.

The number of women saving adequately for retirement has reached a four year high according to Scottish Widows Women and Retirement report.

Too many regulatory requirements around what charges need to be disclosed on investment and savings products make it difficult for advisers to assess and compare the cost of products, Financial Conduct Authority (FCA) technical specialist Rory Percival...