Consultants are seeing a surge of interest in incentivised transfer exercises after the publication of a code of practice earlier this summer brought some certainty to the market.
The Department for Work and Pensions has confirmed it will introduce legislation restricting enhanced transfer exercises if a voluntary code to improve deals does not work.
State pension payouts can vary from as little as £7 a week to £230 due to the "staggering" complexity of current regulations, the pensions minster has said.
Labour's pensions spokesman on how to restore trust in pensions
Steve Webb has challenged providers to restore the "battered reputation" of the pensions industry by improving the terms of savers locked in to legacy schemes.
Almost 11 million Brits will not have adequate incomes in retirement, Department for Work and Pensions Research shows.
Rachel Dalton recaps the government's latest comments on small pots