Income

Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are "still key to the advice process" for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

LV= has launched an online retirement modelling tool to help advisers select, explain and administer a blend of retirement options.

Pension providers must give consumers looking to access their pension pots after 6 April "personalised risk warnings" before selling them retirement income products, the Financial Conduct Authority (FCA) has said.

New world retirement planning: The key risk factors

Alarm bells: The growing income investor knowledge gap

SIPP rebirth: The most flexible pension product ever?

DB transfer advice: Is it worth the reputational risk?

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.

The Budget reform package coupled with generation Y's complete disengagement from traditional retirement saving has effectively killed pensions in their current form, according to Michael Johnson.