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.
Aviva has promised to investigate delays to its annuity transfer system after complaints from an adviser.
AllianceBernstein has designed a capped drawdown product it says will give pensioners "breathing space" before they buy an annuity.