The FCA has instigated criminal proceedings against Kristofer McGuire, Keith Williamson and Karla Walker with fraud for their alleged involvement in a £8m high-risk trading scheme targeting pension savings.

Fewer people are cutting pension or SIPP contributions as the cost-of-living crisis eases, according to new data.

The latest Hargreaves Lansdown poll showed that 17% of people cut or stopped pension contributions in the past six months.

But that was a significant fall from the 22% who said the same thing a year ago.

However, older people were more likely to cut back with a quarter of over 55s saying they had reduced contributions, compared to just 11% of the 18-34 age group.

That could be due to older workers leaving the workforce early, said Hargreaves Lansdown, citing labour market data published today which showed economic inactivity in the latest quarter being driven by older workers.

Nest, the auto-enrolment pension provider, has appointed Northern Trust as its new fund administrator to helping the pension scheme coordinate its investments across its diversified portfolio.

The National Audit Office has warned that a rise in supplier costs and the delivery timetable being extended by two years, have increased the government’s Pensions Dashboards programme’s estimated cost by 23%.

The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has imposed major fines and sanctions on three audit firms over their failings over the collapse of £237m mini-bond firm London Capital & Finance (LCF) plc.

Pensions Dashboards, the government's overdue scheme to provide consumers with an all-in-one location for pensions plans, should be expanded to include guidance to help consumers with their decision making, according to the Society of Pension Professionals (SPP).