Last year 15.8m UK adults who likely needed financial guidance failed to receive regulated financial advice, the FCA has revealed in its new Financial Lives 2024 survey.

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.

New research from industry data provider Defaqto has revealed that four hybrid advice 'trailblazers' are beginning to help bridge the pensions advice gap.