Unbiased

Pushing the shopping around message to retirees does not go far enough and the industry should work together to highlight the need for advice, according to website Unbiased.

It has a population of about 20,000 and is best known for its cathedral and markets, but the Cornish city of Truro may currently be the best place to be an independent financial adviser, research suggests.

There has been a significant increase in consumers looking for advisers, despite the changed regulatory landscape following the Retail Distribution Review (RDR), according adviser website Unbiased.

The "high profile" of Tesco will boost retirees' inclination to shop around for the most appropriate pension income product after the supermarket giant announced it is to launch an annuity comparison service, according to Tom McPhail.

UK taxpayers will pay HM Revenue and Customs (HMRC) £4.6bn more than they need to this year, according to a report.