Pensions

Unlikely: Aegon's Colin Bell on why pensioners won't buy that Lamborghini

Could insurance companies deliver a retirement ‘advice' service that is both cost effective and able to pass a public test of impartiality?

The insurance industry is capable of cost effectively delivering the Chancellor's ‘retirement advice for all' pledge, but passing the "impartiality test" would be challenging, Otto Thoresen told MPs.

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

The Personal Finance Society (PFS) was investigating establishing a National Retirement Advice Service before the Chancellor's Budget promise and believes an advice voucher system could be set up funded by redistributing regulatory fines.

What the changes to drawdown mean for your clients

The Pensions Advisory Service (TPAS) is considering the launch of video and Skype services to meet public demand for the government's financial ‘guidance guarantee'.

Pricing caps on assets under management in the advised platform market will be industry standard within the next ten years, according to Aegon investment director Nick Dixon.

In this week's quick-fire poll we ask: Do you think unrestricted pension access will be beneficial or detrimental to your clients?

Have you missed this week's pensions news? Here's Retirement Planner's round-up of the top five stories this week.