Savers took out £800m worth in payments from income drawdown policies in 170,000 withdrawals in the first two months after the pension reforms kicked in. Read more...

Plans for a secondary annuities market will not be implemented until at least 2017 after the Treasury said the move would be delayed.

Protection for the rights of dependents and beneficiaries particularly vulnerable older people must be cemented before secondary annuity market plans go ahead, the ABI says. Read more...

The proportion of complaints about advisers, which were upheld by the Financial Ombudsman Service, has fallen in the last year.