Income

Fewer than one in ten of those with pension queries following the roll-out of the retirement 'freedoms' on 6 April were looking to withdraw their savings in full, research suggests.

Parmenion has added four withdrawal options to its in-house self-invested personal pension (SIPP) offering, including uncrystallised lump sum (UFPLS).

Why advisers' approach to final salary pensions has changed forever

The second-hand annuity market may fail to develop and even if it does many people will struggle to make well-informed decisions, think thank the Institute for Fiscal Studies (IFS) suggests.

Provider Standard Life has called on the industry to come up with better processes to ensure non-advised income drawdown clients efficiently manage their retirement income.

Friends Life will refer new clients who seek retirement advice to national advice firm Foster Denovo under a new deal agreed between the two firms.

A capacity crunch among providers trying to process requests to access to their pension pots is the biggest threat to the pension freedoms in the short term and risks creating disillusionment among consumers, The Pension Advisory Service (TPAS) chief...

MGM Advantage is to offer retirees a selection of guarantee options on their annuity contracts.

The majority of people accessing their pensions for the first time will be overpaying tax, particularly if they withdraw large sums of cash, Prudential head of business development Vince Smith-Hughes has warned.

Most savers have no intention of taking on the risks of investing in equities once they have begun to draw their pension, research suggests.