A Labour peer has attacked the annuity market, claiming it "plays fast and loose" with the regulatory framework.
Pension scheme members are three times more likely to be approached about accessing their pots since the Budget freedoms were announced, according to research.
Complaints about pensions dealt with by the Financial Ombudsman Service (FOS) have fallen markedly year on year, figures show, with the impending changes to legislation cited as a possible explanation for the drop.
More than half of a 'representative sample' of workers questioned in a recent survey said they were unaware the government's pension reforms had happened.
Architas and technology firm BirthStar have launched seven retail funds that follow an age-based strategy more commonly associated with default auto-enrolment (AE) pension funds.
Three things clients may call you about this week
The government's new bonds for the over 65s have seen the biggest opening sales of any retail financial product in Britain's modern history, after more than 110,000 customers invested in the products, National Savings & Investments (NS&I) has said.
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