In total £535m has now been repaid to investors who were overtaxed on pension freedoms withdrawals since April 2015.

Schroders will take over the Woodford Patient Capital Trust by the end of the year, it has been revealed.

Investment platform AJ Bell has revealed a boost in assets and customers in a trading update in respect of its financial year ended 30 September.

The triple pensions lock and rising average earnings mean that the State Pension will rise by around 4% in April - an increase of about £350 a year.