Canada Life has this morning closed its onshore bond and personal pension plan to new business with immediate effect after the company decided it could no longer be competitive in the areas.

Nearly one in four UK adults (23%) say they would never seek financial advice, even if it was free.

Half of workers in the UK (49%) plan to work beyond State Pension age, with the average person now expecting to push back retirement to 72.

Canada Life has launched a CPD training programme in behavioural psychology for Financial Planners.