Less than a tenth of the population has complex enough needs to warrant the fees they would pay for advice, and would be better served by guidance, an IFA has said.
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Interest rates for the new 'pensioner bonds' announced at Budget 2014 have been set at a market-beating 2.8% for the one-year product and 4% for the three-year bond.
Pension providers should ensure all retirees use the open market to buy an annuity at the point of decumulation to ensure they get the most out of their savings, Just Retirement has said.
Three things that changed advice forever in 2014
Aviva has written to advisers outlining its views on the challenges facing Mark Barnett, following a review of how he runs funds previously managed by Neil Woodford.
The chairman of IFA network Sense has called on advisers to come up with a "sensibly priced" at-retirement service, saying the prospect of non-advised drawdown left him "horrified".
Time is of the essence when it comes to auto-enrolment advice
Consumers are put off seeking regulated advice because they don't know how to judge its quality, research commissioned by the Financial Conduct Authority (FCA) suggests.
Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.