More than 500,000 40-to-70-year-olds in England intend to use part or all of their pension to repay their mortgage balance, according to research from specialist insurer Partnership.

A new pension report from the Office for National Statistics says that people are living longer but many are not saving for retirement or not saving enough.

Sesame Ltd, the UK's largest network of financial advisers, has been fined £1,598,000 by the Financial Conduct Authority for setting up a so-called 'pay-to-play' scheme which the regulator says undermined the ban on commissions introduced by the RDR.