Fraudsters have compiled a database of nearly 200,000 people - with an average age of 74 - on so-called "suckers lists".

All pension transfers over £30,000 must be carried out or checked by a pension transfer specialist, the Financial Conduct Authority (FCA) has said in rules out today.

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.

The Financial Conduct Authority (FCA) is asking annuity providers to look into their non-advised sales going back to 2008 to see if consumers missed out on higher income by buying the wrong type of annuity.

The government's Equitable Life Payments Scheme (ELPS) has now issued over £990.5m worth of payments.

Thousands of savers face being hit with fines from the taxman for using their pension like a cash machine for the first time.

By combining Budget reforms with existing rules which reward savers who delay taking their State pension, eligible women can boost their payout by up to tens of thousands of pounds over a lifetime.

Aegon UK has estimated the charge caps for auto-enrolment business will cost it between £20m to £25m a year, as it reported a 30% rise in pre-tax earnings for the second quarter.

The Financial Conduct Authority (FCA) has found evidence of poor pension transfer advice with regards to enhance transfer value (ETV) exercises.

Savers are to receive free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) when given unfettered access to their pension pots from next year, the government has said.