Income

A third of people who have already purchased an annuity intend to keep it despite government promises they can sell their right to the income for cash, according to a poll of 1,800 retirees.

Life insurers received three times more telephone calls than average in the week following the implementation of pensions freedom, figures show.

Annuities will continue to play an important role in retirement planning and income despite predictions of their demise in favour of drawdown, Billy Burrows has said.

The majority of well-off pre-retirees are well prepared for pensions freedom and choice despite lack of contact from providers about the changes, a survey from website RetireEasy has found.

Assessing the Tory IHT/pension tax relief pledge

Just Retirement has launched a simplified advice service for providers to offer to their clients at the point of retirement.

Citizens Advice has issued a stark pension fraud warning just days after freedom and choice came into force stating retirees are being increasingly targeted by ever more sophisticated scammers.

Provider Standard Life has been dealing with unprecedented levels of client contact since pensions freedom came into force on 6 April.

Retirement Planner has launched a new website dedicated to keeping advisers up to speed with the latest pension changes.

The average pension pot will last for just ten years in retirement if consumers withdraw funds at the rate they see fit, research has shown.