Income

Financial advisory businesses will be invited to play central roles in providing information, guidance and advice to retirees following the far-reaching changes announced at Budget 2014, under plans being devised by the Personal Finance Society (PFS)....

Steve Webb would be "nervous" about providers playing a part in the Chancellor's guidance-for-all at retirement pledge.

Retirees who recently took a tax-free lump sum from their defined contribution (DC) pension will be given 18 months to decide what to do with the rest of their savings following the far-reaching changes to pensions announced at Budget 2014, the government...

Prudential has today cut the minimum income requirement on its drawdown product from £50,000 to £25,000 before the payment of any tax free cash.

Changes to savers' rights to access their pension savings announced in the Budget may lead to provider Partnership reviewing its business model and strategy, but the company will continue to have a role to play in the at-retirement market, its chairman...

One in seven people planning to retire this year has made no personal pension provision, meaning they will retire mainly or entirely reliant on the state, research by insurer Prudential suggests.

Unlikely: Aegon's Colin Bell on why pensioners won't buy that Lamborghini

Could insurance companies deliver a retirement ‘advice' service that is both cost effective and able to pass a public test of impartiality?

The insurance industry is capable of cost effectively delivering the Chancellor's ‘retirement advice for all' pledge, but passing the "impartiality test" would be challenging, Otto Thoresen told MPs.

The Personal Finance Society (PFS) was investigating establishing a National Retirement Advice Service before the Chancellor's Budget promise and believes an advice voucher system could be set up funded by redistributing regulatory fines.