Thousands of retirees hoping to take advantage of the end of compulsory annuitisation will find many insurance companies' systems are not yet ready to deal with the changes according to Annuity Direct.
Jonathan Stapleton analyses changes in UK pensions legislation heralded by its emergency Budget in June and the series of announcements surrounding it
It is already the driest UK summer on record. In financial markets, liquidity also seems to have drained away.
Government proposals to increase the retirement age and index pension payments to the Consumer Price Index could slice 15% from public sector liabilities, London Pensions Fund Authority chief executive Mike Taylor says.
At the time of writing the Professional Pensions team was, like the rest of the industry, speculating as to the contents of George Osborne's emergency Budget.
The industry collectively breathed a sigh of relief when the youngest Chancellor in more than a century told the House of Commons he would work with them to avoid taking the red road towards curbing pension tax relief for high earners.
UK - The UK government's proposal to cut the annual allowance to as little as £30,000 could affect thousands of additional pension savers, consultants and advisers say.
Linking state pension to the higher of earnings or prices - with a minimum increase of 2.5% - is one of the reasons the government is accelerating moves to raise the state pension age, David Yeandle says.
Reducing the annual allowance to as little £30,000 could affect thousands of additional pension savers, consultants and advisers say.
Yesterday, the government said it would work with the industry on "alternative ways" to implement pension tax relief restrictions - and would consider reducing the annual allowance to between £30,000 and £45,000 instead.