The government has said pensions flexibilities have raised £1.7bn more than expected so far as individuals are withdrawing more cash than previously thought.
In its Budget policy costings document, HM Treasury said the flexibilities, which came into force in April 2015, were originally estimated to raise around £300m for the government in the 2015-16 tax year...
One in 10 of this year's retirees will take their entire pension pot as a lump sum, Prudential's 'Class of 2018' research finds.
The Treasury has launched a second consultation on banning pensions cold-calling, which aims to seek final views on already-drafted regulation.
This week's top stories included coverage of the Competition and Markets Authority's provisional decision following its investigation of investment consulting and fiduciary management.
The Pension Protection Fund is meeting the challenges of a fast growing member base by insourcing services and adopting new technologies. Stephanie Baxter speaks to chief customer officer Sara Protheroe