Annuities sales at Aviva were down 33% in the first nine months of the year however its UK life operation returned to growth in the third quarter, interim results show.
The government should consider scrapping the state pension to avoid national debt reaching unmanageable levels, argues a think tank.
Three employers have been issued fixed penalties of £400 in The Pensions Regulator's (TPR) first use of fines for failures related to auto-enrolment.
RP poll: Will the guidance guarantee work for small pot savers?
In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.
Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.
The average annuity today delivers just over £2,000 less income over retirement compared to one bought in March, when the Chancellor swept away the need for savers to buy the product in his Budget, according to retirement specialist MGM Advantage.
Mind the trap: The unintended consequences of pensions flexibility
Our weekly heads-up on events, people moves and other bits for professional financial advisers...
The government's free impartial at-retirement guidance is aimed at middle Britain, not high or low net worth individuals, pensions minister Steve Webb has told MPs.