The industry must automate the decumulation phase of defined contribution schemes, National Association of Pension Funds chief executive Joanne Segars says.
Enhancements to women's pension provision will decrease the importance of joint life annuities according to pensions minister Steve Webb.
Retirement Planner's round up of the latest pension stories.
Eight of the biggest annuity market players cut their rates in May, with Canada Life and Aviva both making a further cut on Thursday leaving retirees with stark options, analysis has found.
In this week's Retirement Planner quick fire poll we ask: Have you told your clients the way they pay for advice will change from the end of 2012?
2012 is shaping up to be a big year, what with the Olympics, the European Championships, and the Queen's diamond jubilee. Not to mention the EU Gender Directive.