Income

The majority of savers under the age of 45 are unaware of the amount of income they can expect from their pensions when they retire, according to Standard Life.

Enhanced annuity specialist Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

ANNUITIES

Pensions minister Steve Webb has promised to set up an "annuities task force" and conduct a wholesale review of pensions decumulation.

The recent launch of the ABI's Annuity Window has sparked debate as to how best to serve retirees. Helen Morrissey asks what constitutes a good quality shopping around service.

Axa Wealth has introduced flexible drawdown to its Retirement Wealth Account (‘RWA'), the company's self-invested personal pension.

Mutual life and investment group LV= has reported a drop in sales of 14% for the first half of the year, despite seeing a hike in group pre-tax profit of 144%.

DRAWDOWN

ANNUITIES

Nearly one third (32%) of public sector workers are considering returning to work post retirement due to financial concerns according to research from Teachers Assurance.