Regulation

One in five of those retiring in the coming year have no idea how their pension withdrawals will be taxed, Fidelity research has found.

Increased consumer choice under pensions freedom coupled with greater potential fraud risk has boosted the argument for a single pensions regulator, MPs have said.

Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.

Citizens Advice will operate the Pension Wise service from more than 500 locations across England and Wales, it has confirmed today.

Providers have said a charge cap on income drawdown, as proposed by Labour leader Ed Miliband, is "unnecessary" and a "solution to a problem that does not even exist".

More than half a million people will be able to take advantage of the government's changing regulation around pensions from 6 April, according to latest official estimates.

Insurer LV= has called for a levy to be put on transactions where a client purchases a retirement plan from their existing pensions provider.

The majority of advisers have turned clients away in the last year, mainly because they were concerned the advice was too expensive, research from the Association of Professional Financial Advisers (APFA) suggested.

The next government cannot afford to wait until 2017 to review minimum auto-enrolment contributions, according to pensions minister Steve Webb.

The Financial Conduct Authority (FCA) is "well behind the curve" on pensions freedom regulation and is operating a watching brief to act after things go wrong, Bruce Moss has said.