Transaction cost up 4%

Almost half of those opting for income drawdown in retirement have done so without seeking advice, new data from the Financial Conduct Authority (FCA) has shown.

TVA is wrong approach post-pension freedom

Each session costs almost £500

The Treasury has said it wants to make financial advice mandatory for sales of annuities on the secondary market.

The Financial Conduct Authority (FCA) has written to pension and retirement income providers to request details about consumer access to - and charges on - decumulation products.

The Financial Advice Market Review will examine how access to advice can be improved

Government plans to merge ISAs and pensions would harm retirement saving and mean more retirees run out of money, Axa Wealth head of retirement planning Andy Zanelli has warned.

Chancellor George Osborne will deliver his Autumn Statement alongside the government's spending review on 25 November.

Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to research from one provider.