Chartered Financial Planner Jack McVitie, the founder and chief executive of retirement advisory firm LEBC, has died at 57 after a short illness.

Ian Taylor, one of the founders of Transact and a former chief executive, is to step down as an executive director of the platform’s parent in February as he heads for retirement.

Concerns about saving for retirement have reduced by 20% overall when compared to last year, according to a new report.

Britain has dropped down the rankings of the best European countries for retirees in 2020.