Defined contribution (DC) members using the pension flexibilities may find their savings are hit by inheritance tax (IHT) because of a "legislative error".
The Chancellor has told the House of Commons that 60,000 savers have taken advantage of the pensions freedoms that came into force in April.
Friends Life will not be offering its customers the uncrystallised funds pension lump sum (UFPLS) option under the freedom and choice reforms, the provider has confirmed.
Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.
PP looks at the investment products rolled out in response to the Budget changes and charge cap
A group of pension schemes have said their biggest challenge is improving engagement with members, in research conducted by the Defined Contribution Investment Forum (DCIF).
BlackRock has launched its first drawdown offering for pension schemes to capitalise on the Budget freedoms introduced earlier this month.
Almost half of older savers intend to use drawdown products for their retirement income, according to research.
Patrick O' Sullivan outlines the key questions now facing retirees
Investing through retirement while drawing down demands a different mindset to investing for accumulation, Natasha Browne hears