The Work and Pensions Committee has recommended that every pension provider offering a drawdown product must, by April 2019, offer a default decumulation option to ensure savers get the best deal in retirement.
In the report Pension freedoms, the committee said automatic enrolment has been a "tremendous success" at bringing millions more people into pension saving, but added there was little evidence to suggest...
Consumer complaints against firms for misadvised DB transfers also rising
'Act or be compelled to act'
Drawdown retirees forced to reduce income during the early stages of the pandemic are now considering the best way to turn the taps back on, writes Steve Hunter
Changed in November last year
Launched new firm at 25
Asking for apology
Ceremony online 15 December
Schroders scrapes £75m for British Opportunities Trust as UK smaller companies launches fail to entice
Schroders 'faces headwinds'
Scheme extended to 31 March 2021