Annuity rates have hit their highest point in eight years, with a further surge in annuity income expected if the Bank of England raises interest rates today, according to a new report.

Over one in ten (12%) of financial Planners have seen clients postpone retirement due to the cost of living crisis.

The Department for Work and Pensions (DWP) has called for views on decumulation and helping savers understand their pension choices.

The Chartered Institute for Securities & Investment, the professional body for Certified Financial Planners and other finance professionals, has appointed Tracy Vegro, a director at the Solicitors’ Regulation Authority, as its news chief executive.

Research of the adviser market has shown a sharp rise in the number using income drawdown modelling tools, with over half (51%) using the tools compared to 38% last year.

Former Mattioli director Mark Smith has been appointed CEO at pensions and SIPP fintech Gaudi.