pensions

Engaging younger saves through apps is a work in progress

Retirees using annuities has dropped from 19% last year to 17% this year

Only 58% of people who say they have a disability have a pension pot

This is a 14.3% fall from £1,092 received in 2020/21

Figure drops to less than a third for single pensioners

This highlights a ‘huge' problem likely to be costing retirees thousands

The FCA has tightened transfer rules significantly in recent years

Professional Adviser draws views from advice firms on ‘hot’ annuities market

Chancellor Jeremy Hunt confirmed the abolishment of the LTA in March

Latest figures mark highest total sales since 2018