Retirement

Pensions minister Steve Webb has confirmed that an update for the defined ambition (DA) project will be published in the summer.

Pensions minister Steve Webb says current at-retirement processes are outdated and asked whether we need to "do decumulation differently."

Industry figures could not agree on whether the pensions market should move towards offering fewer, large scale products to employers.

One worker in five is putting nothing aside for retirement, a report warns. A further third of Britons are not saving enough to avoid a dramatic fall in living standards in old age.

Wealthy older people will see their winter fuel payments cut if Labour wins the next general election, Ed Balls is due to say later today.

The number of people saving adequately for retirement has hit an all-time low, while aspirations for pension income have risen, a Scottish Widows report has found.

Staying invested, rather than trying to time the market to avoid the dips, can make the difference between big gains and significant losses, analysis of the FTSE 100 has shown.

Non-advised annuity sales do not effectively service people with smaller pension pots, according to the majority of annuity experts in the marketplace.

The average British adult has said they need £25,783.87 net per year to maintain a comfortable standard of living in retirement, according to a report.

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