Retirement

Savers are to receive free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) when given unfettered access to their pension pots from next year, the government has said.

Pensions minister Steve Webb has given the clearest indication yet of the make-up of the government's retirement ‘guidance guarantee', which will include a clear "hand off" to full advice for those who need it.

HMRC has published guidance on the transitional issues associated with the pension changes that were announced in this year's Budget.

The full transcript of our interview with pensions minister Steve Webb

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

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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.

Advisers' hopes for the re-introduction of a long-stop on client complaints have suffered a blow after Financial Conduct Authority (FCA) chief Martin Wheatley suggested the regulator's investigation into the matter may have hit a roadblock.

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.