Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.

The UK public expects the age at which they are entitled to receive the State Pension to increase to 70, a new survey has found.

The number of pension withdrawals continued to soar in the third quarter of 2018 leading to suggestions that some pensions savers are treating their pensions like bank accounts, tapping them for cash when they need it.

The Canada Life Group has completed its acquisition of rival provider Retirement Advantage.