IFA

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

People are ‘shopping around' IFAs in a bid to compare and secure the best annuity rates, according to research.

CHEAP ADVICE?

The main distributor of the suspended Axiom Legal Financing fund is urging investors to sack the fund's directors with immediate effect.

IFAs will need to find an extra £28m to cover the cost of further levies for the Financial Services Compensation Scheme (FSCS).

Financial planning firm Henwood Court has written an open letter to Chancellor George Osborne calling on him to abandon auto-enrolment for firms with fewer than 50 employees.

Tenet group director Geoffrey Clarkson is to step down next year.

An IFA has said at least two of his advisers and one of the accountants he works with have been cold called by firms trying to sell them and their clients pension unlocking schemes.

FIVE THINGS

An IFA has helped a couple win compensation from high street bank Santander after the bank was unable to tell the clients how many accounts they had or how much money they had invested.