The freedom to sell your annuity (read: The freedom to get screwed)
The Pensions Advisory Service (TPAS) and Citizens Advice have released job specs for people looking to provide pensions 'guidance' - with each organisation requesting different levels of desired pensions knowledge.
Steve Webb's plan to extend pension freedoms to all retirees, creating a market for annuity resales, is well-meaning but unlikely to work in practice, Fidelity retirement director Alan Higham has said.
Retirees who had already purchased an annuity may be able to benefit from the pension freedoms announced at last year's Budget by selling theirs to the highest bidder.
Prudential has launched a flexible drawdown option to its range of retirement products ahead of pension freedoms which come into force in April next year.
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.
Three things that changed advice forever in 2014
Time is of the essence when it comes to auto-enrolment advice
Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.
Natanje Holt takes a look at how statutory money purchase illustrations will work once Budget freedoms come into play.