Retirement

Labour will cap the pensions lifetime allowance at £1m and restrict the annual allowance to £30,000 to help fund a £2.7m reduction in tuition fees if elected, it has announced.

The latest Retirement Planner poll asks readers if a 30 day cooling-off period should be introduced for pensions freedom retirees who haven't taken advice.

Pension providers must give consumers looking to access their pension pots after 6 April "personalised risk warnings" before selling them retirement income products, the Financial Conduct Authority (FCA) has said.

New world retirement planning: The key risk factors

Alarm bells: The growing income investor knowledge gap

SIPP rebirth: The most flexible pension product ever?

DB transfer advice: Is it worth the reputational risk?

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.

People wanting to cash in their entire pension pots without taking regulated advice should be subject to a mandatory 30-day cooling off period, advice firm LEBC has said.

The UK will become a pensions transfer ‘haven' for European Union (EU) citizens once freedom and choice comes into effect, a top pensions lawyer has said.