One in eight people intending to purchase an annuity would not consider switching from their existing pension provider to another supplier, even if they could potentially gain additional retirement income.

Salary expectations in the Financial Planning profession are climbing after the sector experienced notable growth last year - but nearly half of professionals say they are still undervalued.

Fast-growing wealth manager and Financial Planner Finli Group, formerly Solomon Capital Holdings, has acquired Somerset-based Schaefer Financial Management and Birmingham-based MMR Financial Planning and said it plans three more acquisitions this month.

There are five times as many additional taxpayers now compared to when the 45p rate was introduced in April 2010.

There will be a 'Spring Statement silence' on pensions this week when the Chancellor provides her latest update on the UK’s finances on Wednesday (26 March), pension provider Aegon has predicted.

Pension provider Phoenix has confirmed that it is planning to launch a retirement advice service through its Standard Life brand although it has yet to reveal when.

Defined benefit pension transfer activity has fallen to its lowest rate since the XPS Group’s Transfer Activity Index was established in 2018.