One third of over-55s who have yet to retire plans to use stocks and shares in retirement to offset the effects of inflation on their income, according to research by MGM Advantage.
The number of annuities sold fell by a third between the first and second quarters of 2014, according to figures published by the Association of British Insurers.
Annuity rates saw their biggest monthly fall in 3 years in August 2014, according to figures published by Investment Life and Pensions Moneyfacts.
Fewer than 1 in 10 retirees will take their entire pension savings as a lump sum when the government’s pension reforms are introduced in 2015, according to research by Fidelity Worldwide Investment.
More than a quarter of people look for a higher interest rate when deciding whether they should switch their current account, according to research by MoneySuperMarket.
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