The Financial Services Consumer Panel (FSCP) has called for an urgent review of the annuity market to stop millions of pensioners from losing out on getting the best possible retirement income.
Almost half of people take an annuity from their pension provider because they 'trust' the company, despite potentially losing out on as much as 20% in retirement income.
A free online directory designed to help thousands of people secure a better pension income is set to launch in the next few weeks.
The code of conduct for pension providers, designed to help people get the best value annuity, is to be tightened after allegations some insurers were flouting the rules, according to reports.
The number of suspicious pension transfer requests with suspected links to liberation fraud is spiralling and the government must act decisively on the issue, Aviva has said.
Pensions minister Steve Webb plans to cap charges on auto-enrolment pension schemes at 0.75%.
Millions of pension scheme members could get help finding the best income when they reach retirement under Labour proposals.
The number of over-65s in the UK working or looking for a job has almost doubled in five years, research has revealed.
Retirees could be missing out on a collective £33m a year if they rely on online annuity brokers as many fail to offer the best possible rates, analysis Key Retirement Solutions (KRS) shows.
Careers breaks to care for children, more common part-time working and typically getting paid less money than men are key factors preventing women from saving adequately for retirement, according to a report.
The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products.
A frozen income tax threshold coupled with mass auto-enrolment will result in the annual pension allowance being cut further, meaning people should increase contributions while they can, according to Prudential.
Annuity rates have increased by 6% in the third quarter of the year, the largest quarterly increase since August 2009.
The Government has extended a payment scheme for Equitable Life policy holders to mid-2015 and is due to launch an advertising campaign to encourage more policyholders to come forward.
A number of annuity comparison sites have entered the market. So, is this the end of old fashioned financial advice?
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