Income

There has never been a better time to be in financial advice, but IFAs who fail to embrace technology will lose out to more tech-savvy firms who better serve pensions freedom clients, experts have said.

The vast majority of people do not defer taking their state pension, despite most being financially able to do so, losing out on as much as £19,000 extra retirement cash, according to research by Fidelity.

The government will closely monitor the developing drawdown market following the introduction of pensions freedom and act to cap charges if necessary, Lord Freud has said.

Will people run out of cash in retirement?

Alan Higham shares his key pensions priorities

Former pensions minister Steve Webb will make a keynote speech at the upcoming Retirement Planner Forum and Awards on 17 June.

Advisers are once again being lined up to take the blame

The Financial Conduct Authority (FCA) is consulting on widening the definition of 'standard assets' for providers of self-invested personal pensions (SIPP) to cut the cost of incoming capital adequacy requirements.

Navigating the dangers of pound cost ravaging

The lifetime allowance "has outlived its usefulness" and should be scrapped as part of a wider overhaul of pension taxation, Tom McPhail has said.