People will not save enough unless government forces them to according to PP research.
Defined benefit members are taking advantage of the flexibilities through a number of ways according to research.
Almost one in five members transferred out of their defined benefit (DB) scheme to use their freedoms after receiving advice according to Willis Towers Watson.
Annuities are beginning to see a revival, as retirees shun drawdown and cash withdrawals for a guaranteed income, latest figures from the Association of British Insurers (ABI) have shown.
Retirees can benefit from combining annuity and drawdown into their investment portfolio to avoid significant financial hardship in old age, according to a study.
Freedom and choice is producing unexpected results across DB and DC schemes
Pension savers need much more support if the freedom and choice reforms are to be a success says a major report.
As the industry gets to grips with freedom and choice Helen Morrissey asks if signposting members to good quality retirement products can fuel informed decision making.
PP looks at whether more could be done to prevent members from transferring out in the first instance?
David Harris looks at how Australia is trying to solve the retirement income conundrum.