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A body representing financial advisers has called for Pension Wise, the Money Advice Service and The Pension Advisory Service to be merged into one body.

James Hay Partnership has boosted its sales department with the addition of new platform consultants as well as appointments to its strategic account manager and business development manager teams.

The returns people receive when selling their annuities are likely to be “very poor”, the managing director of a pensions firm has warned, after reforms were confirmed this week.

There will be a last minute rush next year to open up new Sipps and SSASs overnight, a pensions expert is predicting.

Consumers using the Pension Wise service will be given more than one appointment in future, the Government said this morning.

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