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...
Record numbers of people aged 90 plus
From 3 to 10 October
'Integral part' of the financial planning process for many advisers
Proposals outlined at Labour Party conference