Pension consultancy and SIPP business XPS Pensions Group has reported pre-tax profits up 13% for the past year.

There needs to be fundamental reform to the State Pension to prevent later life poverty from worsening as the pension age rises, a new report warns today.

Aviva has called on the government to provide more support for younger pension savers after its research revealed that many were in the dark about how much they needed to save.

Annuity rates have climbed again meaning a 65-year-old with a £100,000 pension pot should be able to buy an annuity income of up to £7,144 per year, up from £7,027 two weeks ago and an increase of 20% on the same period last year.