The International Longevity Centre-UK will consider why retirees fail to annuitise even when it is the best option as it carries out a report looking at the implications of the reform to pensions.
Fines totalling nearly £4m have been issued to Credit Suisse International and Yorkshire Building Society today for 'serious breaches' in failing to make a product's promotions clear and fair.
The Government should create a state-run 'Equity Bank' to help as many as 400,000 low income older homeowners generate extra income from their property.
The guidance guarantee scheme for retirees should be funded by a levy across the financial services sector, the National Employment Savings Trust has told the Government.
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