The Financial Ombudsman Service (FOS) has dismissed a widow's complaint that Aegon mis-sold her late husband an annuity that meant she got next to nothing when he died suddenly.
The Treasury wants to make advice mandatory for sales of annuities on the secondary market, it has said in a statement today.
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In his last column of the year, Graham Bentley rails against what he sees as the corruption of sound academic theories by the industry in a bid to shift more products...
The number of people transferring out of defined benefit (DB) pension schemes each month has doubled over the last year, according to figures from Xafinity.
Many people think they will not have enough money to stop working
Providers will need to make strong case to keep variety of charges
A report has called for a new category of advice for the mass market to help later life consumers "put their savings to use" and help drive economic growth.