Income

How advisers can help deliver Osborne’s retirement ‘guidance guarantee’

deVere Group has launched a dedicated workplace advice division which will provide whole of market advice to current and former employees of larger businesses.

Many trust-based DC pension schemes already offer more than the ‘guidance guarantee' to their members and are worried about being forced to ‘dumb down' standards, according to the National Association of Pension Funds (NAPF).

Financial advisory businesses will be invited to play central roles in providing information, guidance and advice to retirees following the far-reaching changes announced at Budget 2014, under plans being devised by the Personal Finance Society (PFS)....

Steve Webb would be "nervous" about providers playing a part in the Chancellor's guidance-for-all at retirement pledge.

Retirees who recently took a tax-free lump sum from their defined contribution (DC) pension will be given 18 months to decide what to do with the rest of their savings following the far-reaching changes to pensions announced at Budget 2014, the government...

Prudential has today cut the minimum income requirement on its drawdown product from £50,000 to £25,000 before the payment of any tax free cash.

Changes to savers' rights to access their pension savings announced in the Budget may lead to provider Partnership reviewing its business model and strategy, but the company will continue to have a role to play in the at-retirement market, its chairman...

One in seven people planning to retire this year has made no personal pension provision, meaning they will retire mainly or entirely reliant on the state, research by insurer Prudential suggests.

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