About 80% of people set to retire this year have failed to make provision for funding ill-health and long-term care in retirement, Prudential research has found.
Advisers with clients in income drawdown should review all such arrangements now to get "ahead of the game" before any potential regulatory intervention, a provider says.
M&G Investments, the country's largest asset manager, saw its net inflows rise 5% to nearly £1.8bn in Q1, as parent company Prudential also reported a jump in sales.
Two in five people planning to retire this year would be happy to work past 65 if they were able to, according to a survey.
Retirement Planner's round-up of the top pensions stories this week.
Prudential has announced details of its products eligible for adviser charging - allowing IFAs to receive fees direct from the provider, rather than the client.
Sir Nigel Rudd, the former Citigroup banker, is in the running to become the next chairman of Prudential.
People coming up to retirement are choosing to save rather than spend, research has found.