A single person would need a pension pot of £682,000 - down £56,000 on last year - to produce a ‘comfortable’ retirement income, according to calculations by wealth manager Quilter.

North East-based financial advice firm PCM Asset Management Limited (FRN: 589116) has been declared in default by the Financial Services Compensation Scheme.

Most workplace pension industry experts have welcomed the government's new Pension Schemes Bill, published today, which the DWP says will improve the pension savings of 20m workers.

The Department for Work and Pensions says 20m workers will benefit from the mammoth new Pension Schemes Bill which was laid before Parliament today.

The Financial Ombudsman Service has proposed to change the interest applied to any awards it directs financial firms to make.

A third (33%) of annuity buyers failed to compare rates from two or more providers before purchasing, according to a new report.

Retail investors may be failing to understand key issues with passive fixed income funds and are risking potentially significant under-performance, according to a new report.

The FCA has issued a public apology for delays in its investigation into peer-to-peer lending firm FundingSecure, its second apology issued in two weeks.

The FCA has this week stripped permission to carry out regulated business from a London Docklands-based financial adviser called Wise Decisions Ltd (FRN 832056).

The Serious Fraud Office has launched an investigation into a solar farm investment firm over alleged fraud committed against Thurrock Council.