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Projected pension incomes have dropped further over the past month, new data from Aon Consultancy says.

Bob Bullivant, CEO of Annuity Direct, warns advisers to proceed with caution when placing annuities.

The Government's review of NEST is now underway as part of its overall spending reforms.

Income drawdown has long featured as a popular alternative to annuities for those who want to retain greater control of their retirement pot.

UK consumers are thousands of pounds off meeting their desired pension income, a survey from Alico Wealth Management reveals.

The top five retirement destinations for British pensioners are Spain, France, the USA, Canada and Ireland, research from Standard Life has revealed

Skandia is calling for simplification of income drawdown rules to ease the "administrative nightmare" on advisers and simplify calculations for consumers.

Improvements in the open market option(OMO) process could help pensioners gain £3.3bn in extra income by 2030, according to research by the Pensions Income Choice Association (PICA).

The government is proposing to scrap the default retirement age of 65 by October next year, it today confirmed.

The Government is planning to scrap the default retirement age in the UK from October 2011.