Regulation

Introducing a long-stop to financial advice liability is the only way a properly functioning mass-market model can develop, MPs have been told.

Likening pensions to bank accounts is the "most irresponsible" thing anyone can say in relation to pensions freedom, the Association of British Insurers (ABI) director general told MPs.

Savers have withdrawn £2.5bn from their pensions - mostly in cash lump sums - since the government's wide-ranging retirement reforms in April, latest figures show.

The state pension age is set to rise more quickly than anticipated, according to experts, after official statistics showed the extent to which life expectancy had increased over the last century.

Adviser network Personal Touch Financial Services is requiring advisers who want to give retirement advice post pensions freedom to attain a new retirement-specific top-up exam.

The Financial Conduct Authority (FCA) is investigating thousands of annuities sold on a non-advised basis since 2008 to see if they were unsuitable for savers.

Almost all advisers have received enquiries for retirement advice as a result of the government's pension freedom reforms, according to latest research by the Association of Professional Financial Advisers (APFA).

Advisory firm Saunderson House has credited a 25% upswing in the number of new clients with a strategic focus on building relationships with customers "earlier in their career".

It's all in the details: Three steps to insistent client heaven

Pension transfer requests out of defined benefit (DB) schemes doubled post pension freedoms, according to research from one provider.