Aegon has also implemented a pension income reliability feature, designed to eliminate unnecessary delays with drawdown income.

Industry experts welcome ‘blockbuster’ Pension Schemes Bill.

Potential cuts are ‘firmly on the agenda’, former pensions minister Steve Webb warns.

Only 12,379 cases with arrears have been identified, resulting in payments of £104m – about a tenth of the original estimate.

These retirees face a 'triple whammy' due to the knock-on impact of tax rates on savings and capital gains.

Six in every hundred state pensioners are being underpaid.

Blended approaches that combine pension drawdown strategies with a later-life annuity should become the norm, the report says.

The forthcoming Pension Schemes Bill is set to be a ‘blockbuster’, with measures affecting everything from the largest DB schemes to micro DC pots created through automatic...

The SPP says it is possible that some DC savers may see a reduction in retirement income of up to 20%.

Legislation shortly to be presented to Parliament will place a legal duty on pension providers to offer a ‘default’ post-retirement journey.