Budget 2014

Parmenion has added four withdrawal options to its in-house self-invested personal pension (SIPP) offering, including uncrystallised lump sum (UFPLS).

Five reasons I might sell my annuity

The government is being urged to ban defined benefit to (DB) to defined contribution (DC) pension transfers to minimise "complexity and confusion" once the 6 April retirement 'freedoms' are rolled out.

Annuitants drawing an income from small retirement funds are most likely to sell their contracts, among those in favour of proposals permitting them to do so, according to research.

The chief executive of UK platform giant Cofunds has admitted the business "should be generating more profit" despite an 83% increase in its 2014 pre-tax result, which reversed a multi-year downward trend.

The Financial Conduct Authority (FCA) is to review the suitability of retirement advice following the pension ‘freedoms' set to be introduced next month.

The government does not intend to permit those wishing to cash in their annuities to sell them back to their existing provider, it has announced.

How pensions tax relief has been slashed since 2006

Almost half of those approaching retirement are not aware of a free government service launched to help them understand the pension 'freedoms' announced at last year's Budget, according to a poll of 1,000 people.

Controversial proposals to allow existing pensioners to sell their annuities for cash - and insurers to compete for the contracts - are to be discussed by ministers this week ahead of the 18 March Budget, according to reports.