Investment vehicle Pension SuperFund Capital has lowered its offer for SIPP provider STM Group from 70p per share to 67p per share.

Standard Life has re-entered the annuity market as annuity rates rise and demand for annuities surges.

The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.

The FCA has issued new guidance to advisers on giving pension transfer advice to vulnerable clients.

Pension transfer activity has continued its downward decline, hitting a five year low in July and dropping to half the level seen a year earlier.