Retirement planning, collating information and managing costs are among the best ways for defined contribution (DC) members to optimise their retirement income according to WEALTH at Work.
Citizens Advice has welcomed news that the Treasury will legislate to cap pension early exit charges levied on savers using pension freedoms.
The Treasury will legislate to cap excessive early exit charges levied on savers using pension freedom, it has confirmed.
Fewer than ten life companies will have conquered the market by 2020
The quality of data collected by Pension wise needs to be improved to see whether freedom and choice is working, the work and pensions committee has heard.
The government should focus on ensuring the pension reforms are successful before rolling out a single regulator and independent commission, according to the pensions minister.
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.
Why DC schemes might have to give personalised risk warnings to retirees
While some schemes are facilitating DB-DC transfers others are more hesitant. Michael Klimes looks at why this is happening