John Moret is one of the UK's leading pensions and SIPP experts and commentators. As he enters his 75th year, still working part-time in the sector, he continues his series of articles for Financial Planning Today looking back at the changes that have shaped the pensions sector during his career. In this third article in the series he looks at the rise of income drawdown and what changes may lie ahead.

One Four Nine has made its eighth acquisition with the purchase of Plymouth financial adviser Rainbird & Co.

The Chartered Insurance Institute has added 5 more directors to the Personal Finance Society (PFS) board.

Two financial advice firms - one in Cardiff and one in Bristol - have been declared in default by the Financial Services Compensation Scheme with a combination of over 100 claims related to pension transfer advice.

The Government has confirmed that it intends to move forward with major reforms to automatic enrolment pensions.

Evelyn Partners has added two senior Financial Planners to its Birmingham and Bristol offices.

Wealth manager Fairstone, which includes one of the UK's biggest Chartered Financial Planners, has acquired 86-staff Dudley-based financial adviser Prosperity Wealth for an undisclosed sum.

Fintech entrepreneur Nick Hungerford, the co-founder of robo-adviser Nutmeg, has died at the age of 43 after suffering from a terminal cancer.

Pension schemes and trustees - including NEST - could get new responsibilities to offer decumulation options to members at retirement.

SIPP and pensions provider STM Group has agreed in principle to a £41m takeover bid from Guernsey-based investment vehicle PSF Capital GP II Limited, better known as Pension SuperFund Capital.