Pensions

Plans to allow retired savers to sell their retirement annuities have been shelved by the Government.

The Money Advice Service (MAS) and two existing pension advice services will be merged into a single new Government-backed financial guidance body, which will provide free advice on a range of money matters including pensions and managing debt.

Women battling against increases in the state pension age won't succeed in forcing a compromise, the new pensions minister has vowed - but campaigners say they're determined to fight on.

Up to 200,000 people are putting their state pension in jeopardy by not claiming carer's credit – a benefit that plugs gaps in your national insurance record when you're not able to work because you're caring for someone.

The amount charged to people who want to withdraw or transfer money from their pension early could be capped at 1% from 31 March 2017, if plans to do away with hefty exit charges are given the go-ahead.

Complaints about payday loans and packaged bank accounts have skyrocketed over the last year, but not by enough to knock PPI off its perch as the most complained about financial product.

Millions of people who've lost track of old pensions can now unearth them much more quickly using the Government's new online tracing service.

Changes to the state pension that will hit hundreds of thousands of women aged 55-65 were debated in Parliament for the second time this year on Monday. But the Government once again refused to offer extra measures to help those affected, with a minister instead suggesting that women who lose out can claim other benefits such as jobseeker's allowance.

Withdrawing money from your pension or transferring it to a new scheme could soon cost hundreds of pounds less, after the Government today announced plans to ban "excessive" early exit fees.