Retirement

Enhanced annuity specialist Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

Hundreds of thousands of people are saving for retirement into pension schemes which are poor value for money due to high charges and poor governance, an investigation by the Office of Fair Trading has found.

ANNUITIES

TAX RELIEF

It is "unrealistic, uneconomic and unnecessary" to expect those approaching retirement to take regulated financial advice, according to Hargreaves Lansdown.

Pensions minister Steve Webb has promised to set up an "annuities task force" and conduct a wholesale review of pensions decumulation.

The maximum amount of money drawdown pensioners can withdraw from their retirement pot is set to rise next month.

The recent launch of the ABI's Annuity Window has sparked debate as to how best to serve retirees. Helen Morrissey asks what constitutes a good quality shopping around service.

In this week's quick-fire poll we ask: New research from Liberty SIPP has found advisers are losing faith in SIPP providers' reputations. Have you lost faith?

Retirement Planner's round-up of the top pension stories this week.