The Financial Conduct Authority’s (FCA) pension guidance consultation is too skewed to promotion Pension Wise and risks detracting from Financial Planners who may better serve customers, according to pension and investment providers.

When advising on income drawdown, there has been a shift away from a fixed rate method with more advisers now preferring modelling tools.

Pensions and investment company Aegon has launched a Financial Wellbeing tool aimed at helping 45m UK adults assess their personal financial wellbeing and how to make improvements.

Pension and investment provider Aegon has shifted over £5bn of client money into ESG investment strategies.