James Hay Partnership, the platform for retirement wealth planning, is calling on HMRC to create a Pensions Nil Rate Band (PNRB).

Barnett Waddingham, the provider of actuarial and consultancy services, has launched a pensions education service for employers looking to inform their senior-level staff on the various changes surrounding pension benefits.

Towers Watson has appointed Peter Rowles as head of its Retirement Practice for the UK and Ireland. Mr Rowles will succeed John Ball who was appointed Europe, Middle East and Africa (EMEA) head of Retirement Solutions in June this year.

Only one in three people expect to stop working completely when they retire and phased retirement will become the new norm, according to a consumer study for Aegon which also shows that few people have a formal financial plan for retirement.

Mattioli Woods' subsidiary City Pensions has acquired the pension admin business of UK Wealth Management, part of Ashcourt Rowan, for up to £355,000.

It has been a tough couple of weeks for the SIPP industry.