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People retiring today are having to cope with a 46% drop in their pension income compared to the money they could have expected before the credit crunch.

An IFA who used his clients' Sipp pension investments to fund his “lavish lifestyle” has been imprisoned for six years this week.

Growth in Sipps business this year following a charges overhaul has helped boost figures for wrap platform Ascentric, part of Royal London group.

The platform sector saw continued rapid growth in the second quarter thanks to inflows from pensions including Sipps, pension transfers and pension freedoms.

SIPP specialist and wealth manager Mattioli Woods has slimmed down its board in an overhaul that will see two directors step down.

Momentum Pensions has launched detailed fee schedules for its new property SIPP, as the company aims to tackle increasing concerns over complex charges on commercial properties.

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