Retirees are set to bequeath rather than spend much of their accumulated wealth, new research has indicated.

Selectapension has released a new retirement income modeller feature for its Defined Benefit and Flexible Retirement Optimiser tools.

To coincide with the Black Friday shopping frenzy today, pension and software provider Selectapension is offering financial advisers up to £100 off all new subscriptions.

Leading pension transfer provider Selectapension Bureau Services (SBS), part of Selectapension, is now unlikely to resume pension transfer business in the near future after its DB transfer partner decided to withdraw from the market.