New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum.
A victim of convicted fraudster financial adviser Chris Bladen is fighting banking giant HSBC for compensation, alleging the bank failed to recognise he 'forged' signatures on his account.
Advisers' contribution to funding government retirement guidance service Pension Wise should be reduced because they are not benefitting from its existence as much as anticipated, according to the Association of Professional Financial Advisers (APFA)....
The advantages of defined benefit (DB) pensions appear lost on some final salary savers who are frustrated by a government rule mandating they seek regulated advice before transferring out, research suggests.
Only 1% of savers have opted to cash in their pensions completely since the retirement 'freedom and choice' reforms took effect last month, according to the country's biggest retirement adviser.
Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.
A new association for directly authorised advisers said it hopes to bridge the advice gap by introducing a type of service for which commission-like payment will be possible.
The Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year after announcing plans to keep the promises the Conservatives made prior to winning the general election.
Auto-enrolment: Escalating fines start to bite