The "rules of thumb" for sustainable drawdown income should be abandoned and replaced with tailored rates based on individual circumstances, Aegon has said.
A 65-year old taking income from their pot at 4% a year has a 20% chance of running out of money within 30 years, the firm said in a report with actuarial firm EValue. The firms added this could lead...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.