Pensions

Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit with a smaller market share, research by Towers Watson suggests.

The Pensions Advisory Service (TPAS) and Money Advice Service (MAS) have hit back at critics of their involvement in delivering the government's pensions 'guidance guarantee', saying they are confident they can scale up to meet demand.

More than a third of advisers who would have recommended annuities prior to the pension freedoms announced at Budget 2014 are now suggesting drawdown options for some clients, research suggests.

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

Closed life consolidator Phoenix has comprehensively refinanced its debt to strengthen its balance sheet and better support its growth plans.

The government has slashed the incremental increase to the state pension offered to workers who delay their retirement.

From the editor: A big unanswered question for pensions 'guidance'

The Pensions Advisory Service (TPAS) and the Money Advice Service (MAS) will struggle to cope with the scale and speed of meeting the guidance guarantee, industry figures say.

Pillar of the community: A profile of IFA Carl Lamb

Should clients defer buying an annuity following Budget changes?