More people would find it easier to explain the existence of ghosts and detail the offside rule than would be able to describe annuities and pensions.

A move by the Government designed to boost savers' pension funds by cutting down on 'excessive' charges may hit companies' incomes by £1bn – five times more than previously suggested.

The threat of a further levy hangs over advisers due to increased compensation linked to Sipp claims.

The financial ombudsman has rejected a complaint from an investor over HSBC's £9,000 commission for setting up his Sipp.

Sipp provider Xafinity has announced it has frozen its fees for the coming year after advisers told the firm some companies were 'abusing' their ability to make increases.