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Canada Life says it has seen customer enquiries triple in the wake of pension freedom changes.
A survey of financial advisers has revealed that 71% say their clients plan to work longer and retire later to bridge the gap in their retirement savings.
A survey of 2000 consumers has revealed that 89% do not consider saving for retirement a priority. The survey also estimates that 15m people are not saving at all.
Most members of pension schemes are likely to turn down the option to withdraw 100% of their pension rights as a lump sum, according to research from Capita Employee Benefits.
RateSetter, a UK peer-to-peer (P2P) lender, has moved into retirement savings with two Sipp providers – London & Colonial and European Pensions Management, enabling Sipp holders to lend within their pension tax wrapper.