Employee education may be the only way for our pension system to save itself
A workable and affordable simplified advice framework must urgently be established to ensure ‘ordinary savers' properly benefit from next year's pension freedoms, delegates heard.
Sales of individual annuities at Just Retirement were down 59% compared to the same quarter last year, latest results show.
A look at how asset managers and insurers are changing their offerings ahead of April
Catch up: Five pensions stories you might have missed
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.