Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.

Financial Planners could face a potential ‘capacity crunch’ as clients demand more frequent pension drawdown reviews in future, platform provider Zurich has warned.

Research into the impact on retirees of the Pension Freedoms has found that over half (54%) of advised retirees now rank flexibility as a key priority.

New research from a financial provider has found that more consumers are seeking financial advice but the numbers overall remain low with nine out of 10 consumers shunning advice.