Retirement

Complaints about annuities are continuing to rise more than a year after the Chancellor announced a reform of the retirement income market, according to the latest figures from the Financial Ombudsman Service (FOS).

Consumer group Which? wants the Financial Conduct Authority (FCA) to take action to simplify drawdown charges to make pensions freedom and choice retirement income options easier to understand.

Income drawdown is finally coming of age

Aegon has launched a ‘third-way' retirement income product on its platform which gives retirees access to drawdown with a guaranteed level of income.

Advisers and other financial services stakeholders have questioned the relationship between the Treasury and the Financial Conduct Authority (FCA) following chief executive Martin Wheatley's somewhat surprising exit from the watchdog.

Our weekly heads-up on the stories that may have caught your clients' attention over the weekend...

Everything advisers need to know about the week

Why resistance is futile

Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.

The Financial Services Compensation Scheme (FSCS) wants to increase protection limits for self-invested personal pension (SIPP) investors following the freedom and choice reforms.