FCA released ageing population paper to tackle issue
People must work to 77 to achive two-thirds pre-retirement income
Cridland 'well placed to report on the issue'
People are concerned about their tax-free lump sum
Also looking to cut exit charges on individual pensions
Proposed reforms miss 'fundamental point'
TPAS says smaller pots make up bulk of guidance requests
Later life advice market 'increasingly competitive', chairman says