Drawdown clients are being exposed to high-risk investments without their knowledge leaving advice firms on a “ticking time bomb” of potential complaints, according to Financial Planning fintech EV Financial Solutions.

Workplace pension scheme members are losing around £1.7bn a year during their transition into retirement due to choosing costly pathways to access their savings, according to a new report.

Two thirds of advisers say that up to 50% of their business is now from clients in pension drawdown, according to a new survey.

Average annuity rates have a hit a 14-year high and have increased by 52% in the past nine months, according to new data.