The average annuity rate has fallen in the third quarter of 2014 by 2.38%, according to the latest Annuity Index from retirement specialist MGM Advantage.
The Government's auto-enrolment scheme now covers all firms with at least 60 employees and has made significant inroads into getting younger savers into useful habits which will help their overall retirement fund.
Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.
The average annuity today delivers just over £2,000 less income over retirement compared to one bought in March, when the Chancellor swept away the need for savers to buy the product in his Budget, according to retirement specialist MGM Advantage.
Global asset management group BlackRock has launched a new ‘plan for income’, saying that the next generation will need to be less reliant on cash and the value held in their properties to plan their financies successfully.
The average cost of funding typical life goals including getting married, buying a home, having children and retirement is £877,000, finds the Lloyds Bank Family Savings report.
Danny Alexander, chief secretary to the Treasury, has hit back at claims the government is pushing through its wide-ranging pension reforms "in a big rush" ahead of next year's general election.
An adviser who stole more than £200,000 from a client's pension has now been ordered to pay it back, plus interest, as well as serve three years in prison.
The Treasury is to give savers more freedom on how they can take their tax-free lump sums from pension pots, with new rules allowing savers to take a portion of their pension out at any time.
Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.
Scottish Widows has launched a website dedicated to helping people understand their retirement options post-April 2015 in light of the Budget changes.
More than 90 per cent of over-65s have made no plans to pay for long-term care should they need it.
Morten Nilsson, CEO of NOW ponders the shape of the pensions industry a decade from now.
The Pensions Advisory Service (TPAS) is planning to target savers who have indicated they plan to make full use of the pension freedoms outlined at Budget 2014, to warn them of the dangers of doing so.
Pensions minister Steve Webb has warned he will keep a sharp eye on the pensions industry following the announcement of the Budget freedoms in March.
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