Income

NEST, the auto-enrolment defined contribution (DC) pension scheme, has launched a retirement income strategy blueprint for its members.

Auto-enrolment savers are underfunding their pension pots due to a "false sense of security" that minimum contributions are good enough, Zurich's Alistair Wilson has warned.

Financial Conduct Authority (FCA) policy director David Geale has dismissed concerns some retirees have been priced out of advice - but said the challenge was matching those firms able to serve lower income clients with the relevant consumers.

Hargreaves Lansdown has launched a low-cost retirement planning service aimed at filling the advice gap between Pension Wise and regulated financial advice.

Insurer LV= is trialling a pension passport scheme in place of traditional retirement wake-up packs to boost client engagement.

The industry has welcomed the government's proposal to allow consumers to sell on their existing annuities but has clashed over whether advice should be mandatory for those wanting to sell.

Mandatory advice on pension freedom cases with guaranteed annuity rates worth more than £30,000 should be scrapped and replaced with a ‘customer control' mechanism delivered through the Pension Wise service, the Association of British Insurers (ABI) has...

Live long and prosper? Longevity risk and the role of advice

We're in a brave new pensions world

The creation of a second-hand annuity market is guaranteed to happen, according to former pensions minister Steve Webb, who suggested the Treasury has already ‘banked' the cash it expects to receive from the policy.