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The Government has been urged to announce a Pensions Bill during the King’s speech at the state opening of Parliament tomorrow.

The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to data from Hargreaves Lansdown’s savings and resilience barometer, published today.

The average salary at the FCA has risen by an average of 4.8% this year to £71,290, with some younger staff members receiving an 11.2% increase.

The Financial Ombudsman Service received 1,460 new complaints about SIPP products over the past year, according to its annual report on complaints.

Two thirds (63%) of over-55s who plan to return to paid work have failed to check the potential tax implications of doing so, according to a new report.

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