Income

In this week's quick-fire poll we ask: Should Flexible Drawdown be scrapped?

Two-thirds of advisers think the annuity system is "failing consumers" which is leading many to consider drawdown as an alternative route for clients, according to Skandia's latest adviser poll.

Shares in Just Retirement have been priced at 225p each ahead of its initial public offering (IPO), based on a market capitalisation of £1.1bn.

Phoenix clients with low paying annuities can switch out for a cash lump sum under a recently launched pilot project.

Post-retirement life expectancy for men and women is declining, according to analysis of Office for National Statistics (ONS) data, though experts say it is likely a "blip" rather than a longer term trend.

The code of conduct on annuities established by the Association of British Insurers is to be tightened after allegations some insurers were flouting the rules, according to reports.

Legal & General (L&G) has reported that its investment arm, LGIM, has taken in gross inflows of £15.4bn in the third quarter of the year,an increase of 71% on last year.

The government's move to cap pension charges ignores annuity contract 'cowboys' who are ripping off retirees, the Telegraph claims.

Women are twice as likely as men to be unsure what their main source of income will be in retirement, according to research from Prudential.

Adrian Walker discusses the advice challenges and opportunities surrounding changes in capped drawdown limits