The Budget reform package coupled with generation Y's complete disengagement from traditional retirement saving has effectively killed pensions in their current form, according to Michael Johnson.
Default option: Why advisers should get to grips with workplace DC
The Association of British Insurers (ABI) has called on the industry to fully support upcoming pension changes but warned "critical pieces of the jigsaw are still missing and will not be in place in time".
Just Retirement is to launch a set of products aimed at Middle Britain retirees offering ‘mix and match' options for retirement income.
Half of adviser businesses have already seen their bottom lines boosted by the pensions freedom announced last March, according to research.
Emotionally appealing: The real factors influencing retirement decisions
TPAS' Michelle Cracknell talks guidance and advice
Scheme pensions 'left islolated' under freedom and choice
Nutmeg has launched a personal pension charging between 0.3% and 1% depending on contribution, and free of set-up or exit fees.