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GAD rates, used to calculate the maximum investors can drawdown from their pension each year, were unchanged for October at 3.50%.

Advisers are set to turn their backs on conventional annuities and recommend asset-backed alternatives as annuity rate crashes continue to plague retirees.

Mike Morrison, head of pensions development at Axa Wealth, says the death knell may have been sounded for DB schemes

In a lively debate the panel discuss the progress being made towards offering retirees the open market option when buying an annuity, as well as the different types of products now available.

Policy adviser Ros Altmann is set to join the Saga Group in the newly-created role of director general at the start of October.

Axa will begin offering variable annuities before the end of 2010, Michael Gregg, managing director of Axa Global Distributors, has announced.

Financial secretary Mark Hoban has pointed the finger of blame at the Labour government for the scale of payments owed to Equitable Life policyholders following the insurer's near collapse 10 years ago.

The government's plans to remove the age-75 annuitisation rule will make scheme pensions far more attractive to IFAs and clients, Hornbuckle Mitchell claims.

David Norgrove's replacement at The Pensions Regulator will be paid £53,000 less than the outgoing chairman.

The government should take responsibility for the Royal Mail's £8bn pension deficit, Richard Hooper says.