New red and amber warnings on risky pension transfers come into force today following a Department for Work and Pensions initiative.

The Government has confirmed that the basic State Pension will rise by 3.1% from April to £141.85 with the full state Pension increasing to £185.15.

The Financial Conduct Authority has proposed that firms offer a default investment option to non-workplace pension clients.

STM Group, the international SIPP and financial services provider, has seen a £400,000 hit to revenue this year as SIPP business slowed, the firm reported in a trading update today.