Pension providers should ensure all retirees use the open market to buy an annuity at the point of decumulation to ensure they get the most out of their savings, Just Retirement has said.
Time is of the essence when it comes to auto-enrolment advice
Past fund performance (or banging your head against a brick wall)
Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.
Provider Aegon is to launch a drawdown product with combined access to unit-linked guarantees to capitalise on pension freedoms.
The Financial Services Compensation Scheme (FSCS) and self-invested personal pension (SIPP) provider Standard Life have worked out a deal with the taxman over the tax status of recoveries related to ARM Asset Backed Securities.
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