Annuities

Prudential has become the latest life company to report severely hit annuity sales in the wake of radical reforms to how people can access their pension.

Legal & General (L&G) saw its individual annuity sales drop 40% in the first quarter of the year, with sales down from £406m in 2013 to £244m.

The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.

Standard Life has said its annuity business has fallen by half following changes to the rules around retirement announced in last month's Budget.

Retirement Planner editor Helen Morrissey spoke to Scottish Widows' Ronnie Taylor and Richard Jones about retirement planning

Fiona Murphy goes through the results of this month's Inquiry on the recent Budget and finds an advisory market (mostly) cheered by radical reforms.

Cashing in your pension sounds better in theory than in practice, says Mike Ferguson of pension provider Barnett Waddingham.

Fiona Murphy asks: What do the sweeping changes introduced in the Budget mean for financial advisers?

Unlikely: Aegon's Colin Bell on why pensioners won't buy that Lamborghini

In this week's Retirement Planner quick fire poll we ask if you believe the insurance industry is able to deliver the Chancellor's "retirement advice for all" pledge.