Retirement

Why it's real (and can play havoc with portfolios)

Pension savers withdrew £1.8bn from pots in the first two months following the opening up of the retirement income space, data from the Association of British Insurers (ABI) has revealed.

Gregg McClymont, Labour's former pensions spokesman, has joined Aberdeen Asset Management as head of retirement savings.

The government should ensure a decent guaranteed income is the default option for defined contribution (DC) retirees, according to the Strategic Society Centre.

Industry figures have warned the green paper on pensions tax relief published last week is "not a genuine consultation" as the government has already decided on the outcome.

The National Employment Savings Trust (NEST) quadrupled its assets under management over the year to the end of March to £420m, according to its annual report.

Average monthly savings have increased by 50% over the past ten years, research suggests - so is Britain finally moving towards a more savings-based society?

The advent of pensions freedom and auto-enrolment means it is time for advisers to rethink traditional retirement investment strategies and look toward "cradle to grave" investing, according to Birthstar.

Phoenix Life has been ordered to pay an adviser redress after the Financial Ombudsman Service (FOS) found it had not responded quickly enough to his complaint.

The Financial Conduct Authority (FCA) is warning investors against three fake firms pretending to be authorised businesses.