Income

Even affluent households are concerned about generating sufficient retirement income according to research from Close Brothers Asset Management.

The National Association of Pension Funds (NAPF) has launched a search for at-retirement providers to help develop a range of services for defined contribution (DC) savers.

Prudential is being criticised for including quotes for with-profits annuities alongside conventional annuities in information packs sent to retiring customers.

Female life expectancy aged 65 varies by up to 5.7 years from region to region, research from the Office for National Statistics (ONS) finds.

People living in expensive areas could lose nearly a fifth of their retirement income for life by not declaring their medical conditions, the insurer Partnership has found.

Access to professional advice is "crucial" for people planning their retirement, given the current state of the state pension and long-term care system, delegates heard.

ANNUITIES

Up to 55% of advisers have seen a rise in drawdown clients suffering cuts in income in the past 12 months according to MetLife research.

Business and compliance company SimplyBiz has launched a non-advised annuity referral service.

SIPP provider James Hay has expressed concern over a rise in queries to use flexible drawdown to strip out pension funds.