MGM Advantage’s Andrew Tully talks advisers through the ‘known unknowns’ when postponing buying an annuity for clients...
The guidance guarantee is a good first step but regulated advice is key for retirees of all shapes and sizes, writes David Trenner...
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Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.
Annuities will continue to be a substantial part of the at-retirement market in ten years’ time, albeit with a smaller market share, research by Towers Watson suggests.
The Pensions Advisory Service (TPAS) and Money Advice Service (MAS) have hit back at critics of their involvement in delivering the government's pensions 'guidance guarantee', saying they are confident they can scale up to meet demand.
More than a third of advisers who would have recommended annuities prior to the pension freedoms announced at Budget 2014 are now suggesting drawdown options for some clients, research suggests.
Retirees could find it difficult to access regulated financial advice when considering defined benefit (DB) to defined contribution (DC) transfers, according to Punter Southall.
It has been one of the big unanswered questions as plans for a catch-all, free retirement guidance service have developed: What if they get it wrong?
The Pensions Advisory Service (TPAS) and the Money Advice Service (MAS) will struggle to cope with the scale and speed of meeting the guidance guarantee, industry figures say.
It is a question many advisers are facing when considering clients' impending at-retirement choices in the wake of the pension freedoms unveiled at Budget 2014. So what are advisers recommending?
Advisers have expressed their relief that the government's promised free at-retirement guidance will not be delivered by providers, but reservations remain over the likely involvement of the Money Advice Service (MAS).
The proposed role of the Money Advice Service (MAS) in delivering financial guidance to thousands of retirees is "concerning", according to Treasury Select Committee (TSC) chairman Andrew Tyrie.
Financial advisers could pay a larger share of the costs for delivering the government's ‘guidance guarantee' than pension providers.
The Financial Conduct Authority (FCA) has set out the standards providers of the government's pledged free retirement guidance must meet.
Stakeholders have welcomed the government's decision to mandate regulated advice for those seeking to transfer out of a private sector defined benefit (DB) pension scheme.
Pensions minister Steve Webb has given the clearest indication yet of the make-up of the government's retirement ‘guidance guarantee', which will include a clear "hand off" to full advice for those who need it.
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