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Savers took out £800m worth in payments from income drawdown policies in 170,000 withdrawals in the first two months after the pension reforms kicked in.
Nearly 1,500 new Sipps have been opened by Liberty Sipp in the last year, the company reported, as it revealed its assets under management have jumped by 81%.
A SSAS provider has urged advisers to review their SSAS books of business following HMRC's increased controls on the new fit and proper test.
Mercer’s former chief actuary has been hired by Xafinity as it bids to bolster its pensions actuarial and consulting team.
Plans for a secondary annuities market will not be implemented until at least 2017 after the Treasury said the move would be delayed.