Retirement

It is critical guidance guarantee take up rates increase in its first five years of operation as the proportion of retirees solely relying on defined contribution (DC) pensions grows, Michelle Cracknell has said.

The Financial Conduct Authority (FCA) expects the guidance guarantee to "help people understand the questions they should be asking", not offer choices for them, director of policy David Geale has told MPs.

The Financial Ombudsman Service (FOS) has ordered an equity release provider to repay a client the cost of a lifetime mortgage after it found the client had received bad advice.

Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have seen an uptick the since the March Budget, new figures have shown.

P2P or not P2P: Do SIPPs and peer-to-peer lending mix?

The retirement guidance guarantee will not be delivered by the Money Advice Service (MAS), the Treasury has said, in a reversal of the government's previous announcement.

Annuities will soon be protected 100% by the Financial Services Compensation Scheme (FSCS) if recent proposals by the Prudential Regulation Authority (PRA) get adopted.

Pensions minister Steve Webb has put annuity reform at the top of his wish list should he remain in post after the election.

Almost three quarters of advisers want to be included on a Money Advice Service (MAS) directory for firms prepared to give retirement advice to those who have received free pensions 'guidance' under a government scheme, research suggests.

Blog: May you live in interesting (retirement) times