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".
Half of adviser businesses have already seen their bottom lines boosted by the pensions freedom announced last March, according to research.
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Just Retirement has reported annuity sales almost in line with its pre-Budget numbers, thanks in part to strong defined benefit (DB) sales in the second half of last year.
The proportion of complaints against advisory groups found in favour of the consumer is significantly below the average for the sector, the Financial Ombudsman Service's (FOS's) latest data shows.
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Draft legislation which clarifies the position on joint life annuities and guarantee payments, as well as tax treatment on deaths prior to age 75 has been released by HM Revenue & Customs (HMRC).
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