Just 2% of retirees in the UK will have enough money to meet the government's new minimum income requirement (MIR) and use flexible drawdown arrangements, research suggests.
Pension experts warn investors could be stuck in poorly performing plans, as transfering out could lead to a loss of income following changes to drawdown rules.
Consumer demand for pensions has grown by a third since August 2010, research says.
The proposed changes to pension input periods (PIPs) are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.
The value of Just Retirement's new annuity business grew by £29.3m to £378.6m in the six months to 31 December 2010.
NEST Corp has announced F&C Asset Management will run its ethical fund.
In the first in a series of articles from Canada Life's technical team, Paul Thompson, tax & estate planning consultant, looks at some of the most common IHT planning complications.
IFAs have been told they need to be familiar with the flexible drawdown terms offered by their SIPP providers if they are to take advantage of the new income drawdown framework.
In the latest Interactive Financial Adviser debate, our panellists from Carey Pensions UK, Dentons Pension Management Ltd and AXA Wealth discussed SIPPs.