Scottish Widows managing director of pensions Jackie Leiper will now run the platform business

Next year will also bring new rules to help savers during decumulation

There is a lack of black people across senior role in financial services and there is a “strong business case” for improving diversity, the Financial Conduct Authority (FCA) has said.

PensionBee has a market capitalisation of £365m and has set an initial public offering share price of 165p.

Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from XPS Pensions Group.

Retirees who are shunning annuities face a huge variety of product options, charges and investment performance when going down the investment pathway route and need to do more to 'look under the bonnet' before making a selection, LCP research finds.

The normal minimum pension age (NMPA) is set to increase to 57 under plans unveiled in a government consultation today (11 February).

Average transfer takes 11.9 days

Work and Pensions Committee

Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.