Demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a market ‘capacity crunch', Standard Life has warned.
The Pensions Advisory Service (TPAS) is trialling a financial capability tool to help prepare for its future role as a provider of free guidance to savers.
Legal & General (L&G) has reported record bulk annuity numbers which it said had "more than offset" a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.
Malcolm McLean says the pace of change today is unprecedented, and calls for time to draw breath
HM Treasury could land a healthy windfall of £1.6bn as up to 200,000 people are expected to cash in the pension pots in April, according to research.
PP looks at why employers may offer a broader set of retirement savings options
Creating smiles for all will be a big job, says Helen Morrissey.
The industry is divided down the middle on whether the latest overhaul will strengthen or weaken the UK pension system
More than 100 issues must be resolved for pension schemes to be able to put the guidance guarantee in place by next April, according to the National Association of Pension Funds (NAPF).
The government's free impartial at-retirement guidance is aimed at middle Britain, not high or low net worth individuals, pensions minister Steve Webb has told MPs.