This year’s retirees will have the highest income since 2008 following four consecutive years of increase in income.

Prudential’s platform and proposition consultant Allison Fower has joined Alliance Trust Savings as its new chief operating officer.

The ombudsman has ordered Prudential to pay a couple £35,600 after their endowment policy was fraudulently cashed in.

More than a quarter of financial advisers (27%) are working longer hours compared with a year ago, some more than two hours extra each day.