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.
Why adviser Keith Churchouse thinks the government's pensions guidance is the IKA wardrobe of financial services
Pillar of the community: A profile of IFA Carl Lamb
Should clients defer buying an annuity following Budget changes?
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.
HM Treasury is set to change tax rules in a bid to help providers develop new retirement income products that better meet the evolving needs of members.
Helen Morrissey looks at the implications of the Treasury announcement on transfers
Financial advisers could pay a larger share of the costs for delivering the government's ‘guidance guarantee' than pension providers.
Revealed: The 12 standards retirement 'guidance' providers must meet