Everything advisers need to know about Pension Wise
Financial advisers look set to share a collective guidance guarantee bill of £4.2m in 2015-2016, according to government forecasts.
The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.
The Pensions Advisory Service (TPAS) and Citizens Advice have released job specs for people looking to provide pensions 'guidance' - with each organisation requesting different levels of desired pensions knowledge.
The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
Less than a tenth of the population has complex enough needs to warrant the fees they would pay for advice, and would be better served by guidance, an IFA has said.
Three things that changed advice forever in 2014
The chairman of IFA network Sense has called on advisers to come up with a "sensibly priced" at-retirement service, saying the prospect of non-advised drawdown left him "horrified".
Why we’re happy to pay for guaranteed guidance
Should providers be the second line of defence for non-advised retirees?