The standard annuity rate has increased 5.6% since the 12 May 2015, research by My Pension Expert has found.
Future retirees aged 45 to 55 expect to retire on around a fifth less than people retiring in 2015, according to research by Prudential.
Around 60,000 people have taken part of their pension as cash in the 10 weeks since the government's pension freedoms were introduced, the Chancellor George Osborne has announced.
The number of savers looking for lost pension pots has tripled over the last 10 years, research by LV= has revealed.
More than two thirds of people in the UK have managed to save over the past 12 months, according to research by Lloyds Bank.
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