Payment protection insurance (PPI) has the highest number of complaints among financial products and services, the Financial Conduct Authority (FCA) has found.

The majority of the UK's ISA portfolios are in sectors with top risk ratings, but investors do not have the same requirements, a firm has warned.

Some 55% of people retiring in the first year of the new state pension rollout will receive less than the full amount of £155.65 a week, the Work and Pensions Committee has found.

Annuities are increasing in popularity again, with the number of sales outstripping drawdown policies, according to the latest figures by the Association of British Insurers (ABI).

Pet insurance claims cost £657m in the UK in 2015, an equivalent of £1.8m per day, according to the Association of British Insurers (ABI).

Competition within insurance is a significant factor affecting growth, with an increasing challenge from start-up InsurTech companies, according to the latest financial services survey published by PwC and CBI.

Some 72% of people employed in financial services have not asked for a pay increase at all in the past three years, according to a survey.

People can benefit from hybrid plans such as a combination of annuity and drawdown to protect themselves against the financial risk of living longer than anticipated, according to a report.

The Institute and Faculty of Actuaries (IFoA) has outlined measures to address the issues of operational risk for banks, insurers and other financial services firms.