Income

The Budget freedoms that come into force in April could trigger mis-selling claims worth billions of pounds, law firm Sackers has warned.

National Savings & Investments (NS&I) has been accused of underpreparing for the launch of its pensioner bonds after its website temporarily crashed shortly after they went on sale.

Saga and Tilney Bestinvest are to launch a joint venture offering investment and financial planning services to the UK's over 50s.

Seven out of ten defined contribution (DC) pot holders aged over 55 would prefer pensions to deliver a guaranteed income for life, according to research published by the International Longevity Centre-UK (ILC-UK).

There are still too many people in financial services who think they can "keep their customers where they want them" by quietly carrying on with old-style practices, Pensions minister Steve Webb has said.

More than half of the 3.5 million people retiring between 2016 and 2020 will not qualify for the full new state pension, research has shown.

Advisory firms will expand while advisers who have left the industry may return to cope with an expected rising demand for retirement advice from April, pensions minister Steve Webb has said.

Additional safeguards should be placed on pension freedoms to ensure people do not burn through their pension pots in the first years of retirement or get caught out under tax rules, Age UK has said.

Could legacy products and IT systems scupper access pension freedoms?

A proposed change to the Pension Schemes Bill may lead to a future cap on charges in drawdown funds.