Research has found that 20% of pension savers aged over 50 have changed their retirement plans because of the Pension Freedoms as the retirement planning sector sees a major change in direction.
Stock market volatility and economic uncertainty have led to a sharp spike in over-50s being risk-averse with their pension savings, new research indicated.
The Canada Life Group has completed its acquisition of rival provider Retirement Advantage, a provider of annuities, equity release and other retirement products.
Research by a financial provider has found that eight out of ten over-50s (78%) “significantly underestimate” how long they are likely to live - a gap that means many could run out of pension cash, it says.
Potential scammers have targeted 1.8m people aged over 50 in the last three months, according to a new report.
One in two annuity customers stay put with their original pension provider rather than shopping around despite the arrival of the new pension freedoms.
People who have not shopped around for their annuity will collectively miss out on £104m of income over the course of retirement, new analysis has suggested.
More than one in ten people aged over 60 have no plans to ever retire, fresh research has suggested.
Money troubles are what soon-to-be retirees fear most – more so than their health - a poll suggested.
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