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Thousands of retirees who plan to take advantage of the pension freedoms will be using funds to splash out on holidays of a lifetime, research suggests.

A new SSAS and Sipp technical specialist has been hired by Barnett Waddingham.

A survey of financial advisers has revealed that 71% say their clients plan to work longer and retire later to bridge the gap in their retirement savings.

Canada Life says it has seen customer enquiries triple in the wake of pension freedom changes.

A survey of 2000 consumers has revealed that 89% do not consider saving for retirement a priority. The survey also estimates that 15m people are not saving at all.

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