Income

Video: Steve Webb on annuities, investment risk and pensions 'guidance'

Mark Hoban has backed the Money Advice Service (MAS) to play a central role in providing the guidance guarantee.

Australia is considering whether to force people to convert all or part of their pension benefits into retirement products to help manage longevity.

The Association of Professional Financial Advisers (APFA) wants the government to include references to the benefits of full financial advice in its at-retirement guidance guarantee.

Almost a third of UK adults do not know what changes to pensions were announced in the Budget or how they are affected, according to research.

Pensions minister Steve Webb said he was "astonished" when he learned of a claim by a former senior government adviser that the pension reforms were designed chiefly to bring forward the Treasury's tax income.

Nearly two-thirds of advisers have seen an increase in business enquiries since sweeping changes to pensions were announced in the Budget, according to a survey by Skandia.

Provider LV= has called for the introduction of new retirement solutions which could see providers and advisers split the risks inherent in providing income drawdown to the masses.

Pension contributions are likely to increase following the Chancellor's sweeping retirement income changes announced in the Budget, advisers predict.

Ros Altmann is to work with the Department for Work and Pensions (DWP) to champion older workers as the government moves to better support people aged over 50 in the labour market.