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The Parliamentary and Health Service Ombudsman has called on the Department for Work and Pensions to consider paying compensation to women born in the 1950s hit by the increase in the State Pension age.

The Financial Conduct Authority has today written to the chief executives of financial advice firms asking them to review their retirement income advice processes. 

Strike action by members of the Public and Commercial Services (PCS) union at The Pensions Regulator has been suspended and staff returned to work last Wednesday.

The FCA is to conduct a review into what regulated firms are doing to understand and respond to the needs of customers in vulnerable circumstances.

Almost one in five (16%) of Britons had accessed funds from their pension savings without understanding the rules before doing so, according to a new report.

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