Seven in 10 people in retirement have so far failed to set up a Lasting Power of Attorney (LPA), according to new research. 

Pensions group XPS has launched XPS Transfer Watch, a monitoring service to track pension transfers as the Pension Freedoms continue to transform the market.

A survey by pensions firm XPS has revealed that each year 70,000 Defined Benefit scheme members are using the Pension Freedoms to leave their schemes - with most shifting their money to a SIPP.

Worried retirees have revealed their fears as the fourth anniversary of pension freedoms approaches.