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Plans to allow the resale of existing annuity contracts increase the danger of people getting misled by fraudsters, a Sipp provider has warned.

The Financial Ombudsman Service is forecasting it will have to handle a significant rise in pension complaints in 2015/16.

A pensions firm which has recently warned about that retirees face a major financial shortfall has welcomed research finding a healthy attitude among 18-24 year olds towards savings.

A pensions expert believes an idea floated by Pensions Minister Steve Webb for the resale of existing annuity contracts will never work.

Politicians have been urged to make one key New Year's resolution – to refrain from fiddling further with pension rules.

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