The scale of ignorance about pensions among young people has been revealed by a Sipp firm.

The FCA will strengthen its proposals on the pensions guidance service to protect consumers in light of industry concerns and following fears raised in Parliament over another mis-selling scandal.

A retirement planning expert has called on the Government to avoid making further changes to pensions at next week's Autumn Statement.

Retirees will become "guinea pigs" threatened by the "real possibility of another mis-selling scandal" when the pension reforms come in next April, an MP has claimed.

A Treasury U-turn on the pension reforms has been hailed by a Sipps firm as "a victory for common sense".