freedom and choice

Over a third of large defined benefit (DB) pension schemes will quote members' transfer values on their retirement statements in light of the pension freedoms, according to research.

Transfers could make existing strategies unsuitable

The government has confirmed it will consider a charge cap for when people access their pension freedoms if it finds evidence of excessive early exit charges.

The number of face-to-face and over-the-phone guidance sessions provided by the government-backed service Pension wise has reached almost 18,000 since its launch in April.

The findings of the latest KGC Associates administration survey shows how the market is coping with enormous change. Helen Morrissey takes a look at the findings.

Complaints about annuities are continuing to rise more than a year after the Chancellor announced a reform of the retirement income market, according to the latest figures from the Financial Ombudsman Service (FOS).

Consumer group Which? wants the Financial Conduct Authority (FCA) to take action to simplify drawdown charges to make pensions freedom and choice retirement income options easier to understand.

Top stories on PP this week include fears over a green paper white wash, the latest Ombudsman decision on transfers, and TPR action on master trusts. Here's the top five.

More than £1.8bn was withdrawn from pension pots in the first two months after the introduction of freedom and choice, according to the Association of British Insurers (ABI).

The government should ensure a decent guaranteed income is the default option for defined contribution (DC) retirees according to the Strategic Society Centre.