Today's average annuity will pay £14,180 less over retirement than an annuity purchased three years ago according to MGM Advantage.
The equity release market has enjoyed its third successive year of growth according to figures from the Equity Release Council (ERC.)
Retirement Planner's round-up of the top pension stories this week.
In this week's quick fire poll we ask: Do you think state pension reform is fair?
Annuity experts have welcomed the Office of National Statistics' (ONS) surprise decision to keep the current measure of inflation.
Expected pension incomes have fallen to the lowest level in six years, according to Prudential.
Government will seek to implement the Dilnot Commission's long-term care cap by 2015, Nick Clegg has revealed.
In this week's quick fire poll we ask: Should government cut tax relief on pension contributions to 20% for people earning more than £150,000 to fund unemployment schemes?
Retirement Planner's round-up of the top pension stories this week.
The coalition government has renewed its commitment to reforming long-term care but has not confirmed the level of a cap or timescales for implementation.