A large-scale consumer study has provided a more upbeat assessment of how the pension freedoms are working with half (49%) of retirees now finding the new phase of life “exciting.”

SIPP specialist Momentum Pensions has widened its range of investment choices to add passive, ethical and Sharia options as well as a guaranteed income investment and a tie-up with low cost fund provider Vanguard.

A fifth arrest has been made in a police murder probe after a director of a pensions company was killed recently.

Police are continuing to seek witnesses after three people were charged with the murder of a director of a pensions company.