Negotiations over a £41m offer for SIPP and pensions provider STM Group have been extended for a second time.

Canada Life has reported doubled annuity sales compared to last year, according to its UK half year financial results.

Government-funded body the Money and Pensions Service (MAPS) is to combine its pensions services under a new Retirement Planning Hub.

Less than two-fifths (36%) of the average retirement income before tax is made up by pensions, according to a new report.

Single pensioners need £257,000 more than couples to achieve a comfortable living standard in retirement, according to analysis by Standard Life, part of the Phoenix Group.