Retirement

The government should "stand up for low-income savers" and lift the restrictions on the National Employment Savings Trust (NEST), a Conservative MP has said.

More than half of the UK population has never received financial advice or cannot recall receiving any, research from the Money Advice Service (MAS) has suggested.

MA KNOWS BEST

AJ Bell is stepping up its income drawdown lobbying activities by urging clients and advisers to write to their MP.

The Financial Services Authority (FSA) has underlined the importance of advisory firms carrying our cost comparisons when undertaking replacement business.

The government has responded to union threats of a general strike by refusing any further negotiation of public sector pension and pay reform.

A pensions specialist is challenging calls from a Conservative councillor to lifts restrictions on residential property investment in SIPPs, stating some issues must be "carefully thrashed out" first.

LV= is reducing its equity release rates and will no longer charge a higher rate of interest on loans over £600,000 from today.

FIVE THINGS

Lesbian, gay and bisexual people are far more likely to rely on personal and occupational pensions than their heterosexual peers, research from LGB equality group Stonewall says.