An extra 1.2m people are facing a worse retirement lifestyle than in 2023, according to the annual retirement report from Scottish Widows.

The government has revealed details of the Pensions Review promised in the Labour manifesto which is likely to see “significant legislative changes across the pensions landscape in the next 12 months”, according to former pensions minister Steve Webb.

The private equity acquisition of SIPPs and Financial Planning firm Mattioli Woods has been delayed by a month due to delays in getting approval by the Government due to national security.

Adviser platform Nucleus has appointed two new platform directors to support the launch of a new retirement platform for Financial Planners.

London-based IFA firm Donre Advisory Limited (FRN 513993), which previously traded as Basi & Basi Financial Planning Limited and has a SIPP subsidiary, has gone into liquidation two months after the FCA imposed restriction on its business activities.