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Annuity rates have plunged since the summer, a study has shown.

A former international cricket captain will manage Sipp investment portfolios as part of his new role at a Financial Planning firm.

Complaints and compensation claims about advice relating to Sipps will continue to rise, with an extra 500 cases predicted for the next financial year, the FSCS warned today.

The new pensions service will "fall significantly short of the promise of face to face guidance for all" due to the lack of centres providing it, an expert has warned.

Growing numbers of complaints about Sipps have been blamed for a jump in the levy advisers will have to pay next year.

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