Savings and retirement provider Phoenix Group saw assets under administration (AUA) fall 16% to £259bn last year from £310bn in 2021, after it made a pre-tax loss of £1.8bn.

Newspaper reports suggesting that the state pension age could rise to 68 sooner than expected are an example of the Prime Minister “playing with political fire,” according to one pension expert.

David Tiller, commercial and propositions director at wealth manager and Financial Planner Quilter, has died at 56 while on a walking holiday with friends.

Searches for annuities on search engine Google have increased by 50% since the start of the year, according to new data.