An additional £19.5m will be provided in 2015-2016 to support pensions freedoms and the Pension Wise service as part of today's Budget announcements.
Chancellor George Osborne has confirmed retirees will be allowed to sell their annuity contracts for cash from April 2016 without facing "punitive tax charges".
The lifetime pension saving allowance has been cut from £1.25m to £1m in the Budget today.
Lifetime allowance cut is a tax grab with both hands
How pensions tax relief has been slashed since 2006
Chancellor George Osborne will cut the lifetime allowance of tax free pension savings from £1.25m to £1m in tomorrow's Budget, according to reports.
Consumers are at risk of buying retirement products they later regret because of confusing regulatory rules around commission, pensions expert Ros Altmann has said.
The Association of British Insurers (ABI) has launched a campaign to help customers understand their choices in retirement following the government's pension reforms.
Awake at night: What’s worrying advisers ahead of 6 April?
Almost half of those approaching retirement are not aware of a free government service launched to help them understand the pension 'freedoms' announced at last year's Budget, according to a poll of 1,000 people.