Retirement

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.

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

Our weekly round-up of the key product launches, charging tweaks, people moves and events for financial advisers...

How to explain fees to clients

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)....

Pensions Minister Steve Webb says he remains committed to defined ambition (DA) despite the Budget scrapping restrictions on how people take their pensions income at retirement.

Provider Friends Life has scrapped active member discounts (AMD) on all its pension schemes, giving schemes the chance to move to a single charge at the current member rate.

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