Retirement Advantage has pulled a number of products from the equity release market, leaving just its Interest Select Gold deal at 5.99% available to customers.

Clydesdale Bank is to be sold off in a demerger by parent National Australia Bank (NAB) which will see the business acquired in part by shareholders with the remainder listed on the open market.

The pensions industry should not "bank on education" as the key to ensuring individuals save sufficiently for their retirement, The Pensions Advisory Service (TPAS) warns.