Legal & General today reported a record rise in annuity sales in 2018 to over £10bn - suggesting that the predicted death of annuities following the Pension Freedoms may have been overdone.

A new survey of financial advisers has found that the servicing of Pension Freedoms business is “well below expectations.”

A new campaign has been launched which aims to end the “injustice” suffered by 5m retirees stuck in the “annuity trap.”

New research from wealth management and Financial Planning group Tilney has revealed that most people remain in the dark about what to do with their pensions on retirement but most still want the ‘certainty’ of an annuity-style income.