A second line of defence: Is the guidance guarantee enough?

One of the measures of success for next April’s pension reforms will be whether we see the end of the two-tier retirement market that delivers good outcomes to some while others miss out. Tier one is typified by those who are likely to have bigger pension funds, often seek professional advice, consider both annuity and non-annuity solutions, and use their right to shop around. Tier two is largely those who trust their own pension provider to give them a good deal or whose pots have been too small to make it worth seeking advice or switching. The Financial Conduct Authority (FCA) highl...