Pensions

Financial guidance on offer to all retirees from next April as part of the Budget's pension changes could be delivered in groups, Steve Webb has said.

Pensions campaigner Ros Altmann has been named CBE in the 2014 Queen's Birthday Honours, and there was also recognition for Bank of England deputy governor Charlie Bean and consumer champion Martin Lewis.

About two-thirds of people are concerned about not having enough money in retirement, with women significantly more worried than men, according to Axa Wealth figures.

Researchers questioned 2,000 people about their perception of a happy retirement - finding that most of us long to retire by 63, with a three-bedroom home just 11 miles away from the rest of our family.

Government plans to overhaul the retirement process could increase the threat of pensions liberation fraud by overstretching administrators, warns the Pensions Administration Standards Association (PASA).

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The guidance guarantee will fuel demand for independent advice and will be a "huge opportunity" for advisers, pensions minister Steve Webb has said.

Pensions industry stalwart Billy Burrows has joined annuity broker Key Retirement Solutions as associate director.

Steve Webb has repeated his call to scrap the lifetime allowance on pension saving and introduce a flat-rate tax relief of 30% on contributions.