The cost of providing "adequate" advice to retirees following the dramatic overhaul of the pensions system could top £40m, according to VouchedFor.co.uk.
Only 25 per cent of retirees plan to use their pension pot to buy an annuity following reforms announced in this year's Budget, a study has found.
The Chancellor's 'right to advice' for pensioners at the point of retirement will be a right to 'free impartial guidance', not regulated advice, the Financial Conduct Authority (FCA) has confirmed.
More than half of consumers approaching retirement say they do not trust their pension provider to act in their best interests, according to Which?
Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.
Insurers have been reviewing their annuity cancellation terms in light of the Budget reforms. So, if you're re-thinking your recently-purchased annuity, you may have a way out.
George Osborne's announcement removing the requirement for savers to purchase an annuity at retirement could lead to a buy-to-let boom, according to some commentators.
In pension circles, 19 March 2014 will be remembered for the Budget that changed the rules.
Annuity expert Alan Higham responds to pension savers’ five most pressing questions.
As part of wide-ranging changes to the pensions market, some moves will happen as quickly as next week. We summarise the key points:
The government could relax rules on cashing in small pension pots in this year's Budget, providing a boost to thousands of retirees.
Annuity provider Just Retirement has reduced the minimum fund size it will underwrite to £2,000.
As final salary pensions are increasingly consigned to the history books, more and more of us retire with defined contribution pension savings.
Some 353,000 annuities worth just under a total of £12bn were sold by Association of British Insurers (ABI) members in 2013, latest figures show.
Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, the Financial Conduct Authority (FCA) has found.
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