Auo-enrolment pension provider Nest has joined the Association of British Insurers (ABI), the major trade body for the insurance and long-term savings sector.

The Government has issued a new Financial Bill which includes the legal mechanism for the abolition of the pensions Lifetime Allowance (LTA).

The FCA has banned Nigel Lewis and Susan Jones of West Wales Financial Services Limited (in liquidation) (FRN: 756482) from advising customers on pension transfers and pension opt outs after accusing them of performing "a double act of carelessness and incompetence" in relation to BSPS advice.

Pensions and SIPP firm XPS Group has reported a 23% growth in revenues to £94.5m for the latest half year.