drawdown

The Budget changes have brought major changes to how people access their pension pots. Helen Morrissey examines research that finds major implications for pre-retirement investments too.

Aon Employee Benefits has launched an online retirement platform, Bigblue Touch 4life, to give scheme members access to freedom and choice.

Aegon has initiated a review of its annuity business in the UK.

LV= is launching a toolkit intended to help members in defined benefit schemes (DB) understand their options at retirement in light of freedom and choice.

Royal London experienced growth of 61% in its drawdown business during the first half of the year amid demand created by the pension freedoms unleashed in April.

Standard Life's profits have fallen 15% in H1 2015 as it suffered a 66% reduction in annuity sales from last June as a result of the pension freedoms.

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.

Taking 'freedom and choice' to the masses

Savers with the smallest defined contribution (DC) pension pots are struggling to access freedom and choice, the National Association of Pension Funds (NAPF) has warned.