The average worker in a defined contribution (DC)pension scheme has lost £1,300 a year of future retirement income in the last six months, Alexander Forbes said.
The Association of British Insurers' (ABI) annuity code of conduct is not radical enough, Tom McPhail, head of pensions research at Hargreaves Lansdown said.
Peter Quinton, chairman of the Annuity Clearing House, will take over as acting managing director of the Retirement Partnership.
Kevin Arnott discusses the importance of annual statements in ensuring clients get the best income in retirement
Andy Zanelli and Simon Smallcombe go through the key issues to understand about third way products
With annuity rates hitting 20-year lows, people reaching retirement age face a stormy future, writes Billy Burrows, director of Better Retirement Group.
Retirement planning is not just about pensions, but Scottish Widows' latest workplace pension report reveals private pension saving does not loom as large in most portfolios as it should.
This week's Retirement Planner quick-fire poll asks: Do you believe falling annuity rates could have a bigger impact on clients' retirement income than the current market volatility?
Falling annuity rates could prove a greater long term risk than stock market volatility warns Key Retirement Solutions.
Higher annuity rates and volatile market conditions have dented retirement prospects for UK workers over the last few months, suggests research from Aon Hewitt.