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.
People will increasingly work part time after they are eligible to retire and access their pension pots says Hargreaves Lansdown.
New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum
Professional Pensions looks at the impact of falling inflation over the last year
Prime minister David Cameron has pledged to restrict pensions tax relief for high earners if the Conservatives win the general election.
The UK is at risk of slipping into deflation as the Consumer Prices Index (CPI) hit zero for the first time since in February.
Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.
Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.
The Budget 2015 could see the Tories pledge to raise the income tax bracket by cutting the pensions annual and lifetime allowances, according to reports.
A Labour government would cut the annual and life time allowances that people can contribute to their pensions tax free, Ed Miliband has said.