More than four in ten retirees (42%) surveyed by Standard Life said they regretted failing to seek financial advice.

Investment provider Abdrn is facing a fresh wave of scorn after its CIO claimed it was the victim of “corporate bullying” after it scrapped vowels from its name in a heavily-mocked rebrand.

Four potential operators of Pensions Dashboards - Just Group, Legal & General, Moneyhub and Standard Life - have set up a new industry coalition known as the Dashboard Operators Coalition (DOC).

A fifth of over 50s rely on DB pensions to provide almost half of their retirement income but the numbers are set to fall, according to Standard Life’s Retirement Income Almanac.