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A trio of new senior managers have been appointed by Sipp provider James Hay as part of a recruitment drive – with two joining from Cofunds.

Only about two in ten Britons are putting money aside for retirement – a fall by 16% since 2007 – a study on savings trends has discovered.

A new senior manager has been signed up to head up pensions administration at Sipp and SSAS business City Trustees.

Britons are "sleep walking into a tax trap" with widespread ignorance about what the lifetime allowance is, a study has found.

Sales of annuities fell by 16% last year, newly released figures from the Association of British Insurers have shown.

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Cofunds pair among trio of new bosses joining James Hay