So Budget day was another busy day for the PP team with further cuts to the lifetime allowance and plans for a secondary annuity market unveiled.
A "radical rethink" is underway in the annuity market following the sweeping Budget changes but concerns over fund depletion remain, according to Equinity Paymaster.
Buzz respondents firmly rejected Steve Webb's latest idea to help consumers in the annuity market.
Labour pensions spokesman Gregg McClymont has denounced pensions minister Steve Webb's suggestion of switchable annuities as a "non-starter".
Fewer than one in four major employers say their scheme has a specific ‘decumulation strategy' in place to help retirees get the best annuity, research finds.
Data from The Pensions Regulator (TPR) shows 97% of surveyed DC schemes provide support to members wishing to exercise their open market option (OMO).
Premier has launched an online service to help scheme members make more well-informed decisions at retirement.
Trust-based defined contribution schemes are still not doing enough to help members shop around for the best annuity, say Buzz contributors.
Just Retirement has launched a medically underwritten buy-in service aimed at small and medium-sized defined benefit schemes.
The Pensions Income Choice Association (PICA) has issued a request for information to develop a directory of financial intermediaries.
The Pensions Regulator needs to "beef up" its advice to consumers about alternative annuities, Prudential head of business development Vince Smith-Hughes says.
The Association of British Insurers' compulsory code for annuity providers has been welcomed by the industry and triggered calls for similar requirements for trust-based schemes.
Asset managers are set to shake-up the annuity market after weeks of dire predictions about the value of annuities for savers.
Unlock pensions pot and watch the first-time buyers return; Treasury courts pension funds; Default retirement age end hailed; Boost for open market on annuities; Tax warning for defined benefit members; Physiotherapists and civil servants hold strike...
Battle lines are being drawn over the open market option as ministers are set to decide on reform this autumn.
As an industry, we spend an enormous amount of time trying to get people to save for their pension.
There has been little praise for the ruling in the Test-Achats case in the European Court of Justice.
Pension providers have been told to make sure they encourage customers to shop around before offering them an annuity.
Pensions minister Steve Webb will face a barrage of questions on pension changes next week as MPs return to parliament.
Tom McPhail has written to financial secretary to the Treasury Mark Hoban in an attempt to put the "final nail in the coffin" of insurers' resistance to reform of the Open Market Option.
The coalition government has issued an ultimatum to the Association of British Insurers over its opposition to the open market option, PP understands.
Reforming the Age 75 rule will reinvigorate the retirement income market but care should be taken not to undermine the annuity sector, the ABI warns.
Reform of the Open Market Option would boost government coffers by £1.7bn over 20 years and should form part of all political manifestos, a lobby group says.
While pension debate has tended to focus on accumulation and investment issues it is refreshing to see increased emphasis on how people can safeguard their income in retirement. Falling savings rates coupled with increasing longevity means many people...