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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.

The Financial Services Compensation Scheme has declared five pension advice firms as failed this week - four of them for pension transfer advice complaints.

Simon Foster has been appointed chief executive of Barnett Waddingham SIPP taking over from Julia Bassett who had held the position for 13 years.

The FCA is to launch a comprehensive thematic review of retirement income advice.

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