Retirement

Pensions campaigner Ros Altmann has been named CBE in the 2014 Queen's Birthday Honours, and there was also recognition for Bank of England deputy governor Charlie Bean and consumer champion Martin Lewis.

Pensions minister Steve Webb has dismissed concerns that retirement freedoms announced in the Budget do not work alongside the government's collective defined contribution (CDC) plans.

About two-thirds of people are concerned about not having enough money in retirement, with women significantly more worried than men, according to Axa Wealth figures.

Researchers questioned 2,000 people about their perception of a happy retirement - finding that most of us long to retire by 63, with a three-bedroom home just 11 miles away from the rest of our family.

Government plans to overhaul the retirement process could increase the threat of pensions liberation fraud by overstretching administrators, warns the Pensions Administration Standards Association (PASA).

A think tank has called on the government to buy parts of people's homes and deliver a guaranteed lifetime income in return, in a bid to bolster retirement income for low earners.

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The guidance guarantee will fuel demand for independent advice and will be a "huge opportunity" for advisers, pensions minister Steve Webb has said.

Pensions industry stalwart Billy Burrows has joined annuity broker Key Retirement Solutions as associate director.