Retirement

Lloyds Banking Group (LBG) has budgeted more than £1m in costs for implementing auto-enrolment to its 107,000-strong staff.

AJ Bell has reported an increase in pre-tax profits of 39% to £26.5m, with assets under administration hitting £17.5bn for the year ended 30 September.

Employers need to be given a defined line between providing information and advice on pension arrangements, a select committee has been told.

HEROES & VILLAINS

Women are more likely than men to be hit by financial hardship when they retire if their spouse dies before them, according to Prudential.

The UK's over-55s are working longer as they fall back on their savings to meet living costs, according to research.

About a quarter of over-55s will spend at least two decades of their 'winding down years' saddled with some debt, Aviva research suggests.

In this week's quick fire poll we ask: Was George Osborne right to reinstate the drawdown income limit to 120%?

Retirement Planner's round-up of the top pension stories this week.

Jon King looks at how equity release can help those approaching retirement with interest only mortgages.