April saw a record number of pension benefits being awarded to NHS members, indicating a significant jump in those retiring.

Clients are increasingly including the cost of care in their discussions with their adviser, allocating around £60,000 per year for later life care, according to Financial Planners.

The Financial Services Compensation Scheme (FSCS) has called for the £85,000 compensation limit to be reviewed for pension claims.

Net inflows for adviser platform Transact rose 16% to £2.68bn in the six months ending 31 March.

Four in ten (43%) financial advisers consider sustainable investments when building retirement portfolios, according to new research.