Investment platform InvestEngine has launched a zero-fee SIPP offering for new and existing customers.

Investment manager Vanguard is adding a £4 monthly fee to most accounts - including SIPPs - for balances up to £32,000 as it strives to meet rising costs.

Financial advisers have broadly welcomed the FCA’s new proposals for targeted support for pension savers but have warned more clarity is needed if they are to succeed.

The FCA has revealed that its Consumer Duty priorities for the coming months will include looking at targeted support for pension savers.

Older people are less prepared for retirement shocks such as ill-health, relationship woes, or urgent financial support needs from their wider family, according to new research.