Pension savers withdrew £1.8bn from pots in the first two months following the opening up of the retirement income space, data from the Association of British Insurers (ABI) has revealed.
Gregg McClymont, Labour's former pensions spokesman, has joined Aberdeen Asset Management as head of retirement savings.
Three problems with Osborne's policies
Mixed reactions to 'radical' plans
A shift from an 'EET' to a ‘TEE' tax system could save the government £10bn a year, academic Michael Johnson has said.
Chancellor George Osborne is to publish a green paper seeking feedback on a plan to make "pensions more like ISAs".
High earners have had the tax relief on their pension contributions cut in today's Summer Budget.
Hargreaves Lansdown has launched a low-cost retirement planning service aimed at filling the advice gap between Pension Wise and regulated financial advice.
Mattioli Woods is to acquire advice firm Boyd Coughlan in a £7m deal and has also announced plans to raise a more than £18m from shareholders to fund further growth.
Five outstanding retirement advice firms were honoured at the Retirement Planner Awards 2015.