New data from the Association of British Insurers has revealed “alarming” numbers of pension savers entering retirement and pensions drawdown without taking any financial advice.

A new report out today suggests that 6 million people would seek financial advice if it were cheaper.

Nearly 6 million people would be willing to pay for financial advice if it cost less, new consumer research has suggested.

Financial advice firms are doing better at narrowing the gender pay gap than many other financial services firms, according to analysis by the Chartered Insurance Institute.