Demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a market ‘capacity crunch', Standard Life has warned.
Legal & General (L&G) has reported record bulk annuity numbers which it said had "more than offset" a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.
Demand for annuities climbed 10.5% in September despite tumbling rates, analysis from IRESS has found.
The comeback kid: Why annuities aren't finished yet
Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.
In this week's quick fire RP poll we asked: Do you agree with Steve Webb's proposal that those who have purchased annuities should have the opportunity to unwind them for a capital sum?
Income drawdown looks set to grow rapidly as a result of Budget freedoms. Jenna Towler takes a look at the issues for those navigating this area without an adviser.
Do advisers think the industry will be ready in time to deal with incoming Budget flexibilities? Helen Morrissey finds out in the latest Retirement Planner Inquiry.
With just months to go before the general election pensions minister Steve Webb shows no sign of slowing down. Helen Morrissey spoke to him about his plans for the future.
The outcome of the next general election looks way too close to call and speculation is mounting about how long Steve Webb will remain as pensions minister.