The suggestion of a pensions credit card has been branded 'irresponsible', but denying retirees the freedoms they're being promised is akin to denying a toddler a ball until they've proved they can play with it properly, writes Mark Polson.
Labour has urged the government to ensure none of the 320,000 savers expected to take advantage of pension freedoms are exposed to “rip off charges”.
Sales of drawdown contracts have more than doubled compared to the third quarter of last year while annuity purchases continue to fall, according to latest Association of British Insurers (ABI) statistics.
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Had a manic week? Here’s a rundown of five retirement stories you might have missed…
The government has launched an online hub within video sharing site YouTube in a bid to aid consumers' understanding of pensions.
Retirees with high consumer expectations will emerge post-April 2015, demanding a fresh approach from advisers, writes Alistair Wilson
Abraham Okusanya caused quite a stir among advisers after highlighting the dangers of sequence of return risk. In a follow-up, he examines potential solutions...
A workable and affordable simplified advice framework must urgently be established to ensure ‘ordinary savers’ properly benefit from next year’s pension freedoms, delegates heard.
Sales of individual annuities at Just Retirement were down 59% compared to the same quarter last year, latest results show.
Chancellor George Osborne’s radical changes to pensions are expected to usher in a new era of invention in the defined contribution (DC) space. While some fund managers are giving existing products a new spin, others are looking to assemble completely different solutions, finds Lynn Strongin Dodds...
In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.
Demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a market ‘capacity crunch’, Standard Life has warned.
Legal & General (L&G) has reported record bulk annuity numbers which it said had “more than offset” a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.
Demand for annuities climbed 10.5% in September despite tumbling rates, analysis from IRESS has found.
Mark Wood, chief executive of JLT Employee Benefits, predicts annuities will make a comeback and equity release will surge, but retirees will not be better off after the pensions revolution...
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.
In this week’s quick fire RP poll we asked: Do you agree with Steve Webb's proposal that those who have purchased annuities should have the opportunity to unwind them for a capital sum?
Income drawdown looks set to grow rapidly as a result of Budget freedoms. Jenna Towler takes a look at the issues for those navigating this area without an adviser.
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