Income

Income levels from standard annuities have fallen to all-time low levels just three weeks after pensions freedom and choice was introduced, according to Moneyfacts research.

Retirement planning firm Intelligent Pensions has launched a pension transfer service for advisers wanting to help their clients transfer out of defined benefit (DB) schemes.

Retirement specialist Just Retirement has partnered with wealth management technology firm GBST to power its new platform for retirement savings to be launched in the coming month.

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.