New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.

Former Pensions Minister Baroness Ros Altmann has warned the government against imposing National Insurance on pensioner workers to fund social care.

The National Institute of Economic and Social Research has revised its GDP forecast to just under 1.5% due to weak economic performance in the first quarter of 2018.

Old Mutual Wealth has strengthened its specialist sales team with the appointment of Jamie Clark as pensions specialist. 

Brown Shipley has appointed two new client senior managers to its Leeds office.

Royal London director of policy Steve Webb has called for an end to what he called the “absurd” way pension withdrawals are taxed.

Two financial adviser brothers, who conned 200 pensioners and vulnerable clients out of millions of pounds, have been jailed for a total of 11 years today.

A total of £620m was invested in ISAs during March as the final rush to invest in the 2017/18 tax year got under way, the Investment Association has reported.

Old Mutual Wealth has launched a new Transfer Value Analysis service following the suspension of the old one last month

Wealth management firm Sanlam has been ordered to pay compensation by the Financial Ombudsman Service for giving “unsuitable” advice.