Pensions Minister Laura Trott has announced a shake-up of private pensions to create “fairer, more predictable, and better-run pensions.”

The FSCS has declared pension transfer adviser Portal Financial Services LLP (FRN501272) as failed after the firm went into compulsory liquidation following a string of complaints.

The government has confirmed that, after its latest review, auto-enrolment thresholds will be held at their current levels for the next year.

Newspaper reports suggesting that the State Pension Age (SPA) could rise to 68 sooner than planned are an example of the Prime Minister “playing with political fire,” according to one pension expert.

Defined benefit transfer values fell by more than a third last year as investor concerns over UK debt drove gilt yields higher, according to new analysis.