Personal Finance Society chief executive Keith Richards talks to Helen Morrissey about advisers' role in delivering the guidance guarantee and how the Budget could herald a new approach to long-term saving.
What do you think of the recent Budget announcements on retirement income? It's fair to say that what happened in the Budget will go down as a stroke of genius from the Chancellor's perspective. The introduction of greater freedom and choice is a good thing. This greater freedom at retirement will lead to more consumers wanting to seek professional advice. The news is very positive and will lead to increasing awareness of, and confidence in, the benefits of quality advice. We believe the changes could lead to a whole new shift in the savings culture in the UK as people's attitudes ...
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