The average pension pot will last for just ten years in retirement if consumers withdraw funds at the rate they see fit, research has shown.

Network Sesame has pledged to cover investment advisers' regulatory fees and trail commission arrangements as part of a benefits package for those going down its 'preferred route'.

Jessop Fund Managers (JFM) has launched in income drawdown solution for advised clients with small to medium sized pension pots.

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The Confederation of British Industry (CBI) has estimated the economy grew by 0.7% in the first quarter of the year and will "gather momentum" over the next quarter.

Fears pension providers will struggle under huge inflows of customer requests come 6 April are "well-founded" as too little has been done to address communication processes, according to PwC.

Phoenix Life is reviewing the pricing of the majority of its pension funds after a rounding anomaly in some of its life products was pointed out by a retired IFA.

Provider Standard Life has called on the industry to come up with better processes to ensure non-advised income drawdown clients efficiently manage their retirement income.

Friends Life will refer new clients who seek retirement advice to national advice firm Foster Denovo under a new deal agreed between the two firms.

Trail commission is still important to the income of almost all advisers, according to research by software provider Intelliflo, despite the looming deadline that will see the payment method switched off for many of their clients.