Pension Wise

Graham Vidler looks at the challenges of ensuring pension freedoms work well for savers.

Almost half of those opting for income drawdown in retirement have done so without seeking advice, new data from the Financial Conduct Authority (FCA) has shown.

The government has been urged to prioritise simpler guidance, more widespread advice and better retirement products to help people save for retirement.

Each session costs almost £500

Pension wise statistics will be updated on a monthly basis by the government according to the Treasury's economic secretary Harriett Baldwin.

Consultations should not be just for show

Former pensions minister Steve Webb believes the money put into Pension wise would have been better spent giving retirees vouchers for financial advice.

Rebecca Shahoud looks at the DWP select committee's report on the biggest shake up in pensions for a generation

Retirement guidance still not up to scratch

George Osborne has been having a big say in pensions policy since Budget 2014. Owain Thomas explains that this could be set for a further five years.