Savers are planning to withdraw an average of £27,000 from their retirement fund this year, following the changes to pension rules, a study has found.

National wealth manager Bellpenny has announced this morning that it is taking over a Winchester based financial advisory firm.

Retirees risk straying into "dangerous territory" occupied by so called pension predators who are looking to exploit them, Scottish Friendly has warned. Read more ...

A survey of advisers by Blackrock has found that 71% of advisers say clients plan to work longer and retire later as the shortfall in their retirement savings becomes more apparent. Read more ...

Woodford Investment Management has increased the potential size of its new Patient Capital fund from £200m to £800m due to indicative support from investors and advisers. Read more ...

With an eye on the retirement market, AXA Wealth is providing exclusive five month access to the AXA Lifetime Distribution Fund managed by sister company AXA Investment Managers. Read more ...

IFP chief executive Nick Cann - who is on long term sick leave recovering from stroke - is planning to undertake a 100 mile cycle ride in May to raise money for the Stroke Association. Read more ...

Aberdeen Asset Management has launched four low cost multi-asset funds as options for long term saving with an eye on the retirement savings market. The company is also launching a range of education material aimed at the retirement sector.

New research has found that 89% of the UK population do not consider saving for retirement a priority and 15m people are not saving at all. Read more ...

European ETF assets have reached a milestone of £327bn after 15 years in existence with Blackrock predicting they will have assets of over £650bn (US$1 trillion) in less than five years from now. Read more ...