Budget 2014

Retirees could be heading into trouble as average pension pots require ten times more investment growth than they currently produce to realise desired levels of retirement income, according to research.

Fewer people are looking to take their pensions as cash now the retirement reforms introduced in the beginning of April have settled in, research suggests.

Financial advisers should not be asked to help fund the government's retirement guidance service unless it is of demonstrable benefit to firms, the managing director of support firm SimplyBiz has said.

New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum.

Why pensions will (and must) never be like bank accounts

The advantages of defined benefit (DB) pensions appear lost on some final salary savers who are frustrated by a government rule mandating they seek regulated advice before transferring out, research suggests.

Only 1% of savers have opted to cash in their pensions completely since the retirement 'freedom and choice' reforms took effect last month, according to the country's biggest retirement adviser.

... clients will call you about this week

The opening up of the retirement income market will drive the emergence of more adviser-provider partnerships, according to Foster Denovo.

Standard Life has become the latest provider to face adviser criticism as some life companies seemingly struggle to deal with pensions changes they claimed they were prepared for.