Many members taking transfers cite the lack of flexibilities within their existing scheme
Tim Phillips of Smart Pension describes the challenges facing the industry to get people engaged with their pensions and make the most of their savings at retirement.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.
Half of people aged over 55 have no idea when they can afford to retire despite being within a decade of state retirement age, according to research.
The number of savers on the right track to receive their desired pension income has increased to 12% from 7% a year ago according to research from Aegon.
Almost one in four workers expect to work past the age of 65 because of seven years of low interest rates according to Canada Life research.
People coming up to retirement are still uncertain about how the new state pension will affect them according to research by Which.
Employees of all ages are suffering from major gaps in financial knowledge according to research by Barnett Waddingham.
Lack of pension saving and lingering debts will mean many employees over 50 will be forced to put their retirement plans on hold, according to research by Aviva.
As the Chancellor presents his Budget today, PP looks at what could come up for pensions.