Phoenix Life has backed down from demanding a saver get financial advice before it would release his £13,300 pension pot.
The pension group had said Fred Ford must provide proof he had consulted a financial adviser about his decision to withdraw all of his pension, which came with the benefit of a guaranteed annuity rate....
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.