Reports in the national media of a £600m takeover offer from Old Mutual for wealth management firm Quilter Cheviot have been described as "rumours" by the private equity firm, which controls it.

The chief executive of Scottish Widows has warned that the pensions industry is in danger of "breaching its capacity to cope" with the radical overhaul of the system underway.

The Pensions Advisory Service says it has seen a trebling of enquiries about pensions after the Budget reforms announced by Chancellor George Osborne in March.

A u-turn has been performed by Skandia as the firm announced it had decided to keep the Invesco Perpetual funds open to investment.

A Financial Planning firm has been told to pay a client compensation after an adviser gave her "wrong advice" regarding her pension.

The Bank of England has kept the Bank Rate at 0.5%, despite some disagreement among board members last month.

A firm offering financial advisory services has been hit with costs of £2m and a severe reprimand for failings in advice relating to a pensions fund.

The UK could be facing a childcare shortage as grandparents increasingly choose to work into retirement, a pensions company has warned.

An organisation which represents schemes providing pensions for over 17 million people has labelled the new options for retirees arising from the Budget reforms as "baffling".

Standard Life has sold its Canadian business to Manulife Financial Corporation for £2.2bn, triggering a special dividend for Standard Life shareholders.