Trading in funds has risen by over a third (35%) in the past year, an online provider has reported, with recent stock market volatility encouraging significant sales of some large funds exposed to failing firms.

The Work and Pensions Committee has sent questions to The Pensions Regulator and Carillion pension trustees on why Carillion collapsed with a “giant pension deficit and a mountain of debt.”

The liquidation of Carillion should “trigger alarm bells” for pension savers, warns the chief executive of wealth manager deVere.