The government does not intend to permit those wishing to cash in their annuities to sell them back to their existing provider, it has announced.
An additional £19.5m will be provided in 2015-2016 to support pensions freedoms and the Pension Wise service as part of today's Budget announcements.
How pensions tax relief has been slashed since 2006
Consumers are at risk of buying retirement products they later regret because of confusing regulatory rules around commission, pensions expert Ros Altmann has said.
The Association of British Insurers (ABI) has launched a campaign to help customers understand their choices in retirement following the government's pension reforms.
Awake at night: What’s worrying advisers ahead of 6 April?
Almost half of those approaching retirement are not aware of a free government service launched to help them understand the pension 'freedoms' announced at last year's Budget, according to a poll of 1,000 people.
Professional Adviser's weekly heads-up on what your clients may have read in the national newspapers at the weekend...