Workers believe the tax treatment of pensions is too complex and would welcome switching to a system that treats pensions like ISAs, according to research from PwC.
A BlackRock defined contribution (DC) saver has used pensions freedom to cash in a £300,000 pot despite warnings he would be hit by the 45% additional tax rate.
Fraudsters targeting pension pots in the wake of freedom and choice reforms are increasingly linking their efforts to investment scams such as fine wines and overseas property, Citizens Advice has warned.
Guaranteed retirement income is more than a pay cheque
eValue Investment Solutions has launched a pensions freedom planning tool which aims to simplify the complex decision-making process faced by over 55s looking to access retirement income.
Provider LV= has bought a majority stake in robo-advice operation Wealth Wizards.
Head to head: Annuities vs guaranteed drawdown
The appeal of using property wealth as an extra source of retirement income continues to grow, according to figures indicating record amounts of equity release lending.
What were the top ten bestselling pension funds in June?