Advisers to play key role in PFS plans for Budget 'guidance guarantee'

The organisation, headed by chief executive Keith Richards (pictured), is suggesting to the government and regulators a four-pronged approach to serving the nation's retirement needs. There would be an information stage, a guidance stage, a ‘focused advice' stage and, for those who need it, the option of a full financial review. Advisory businesses, it suggests, would be involved at all stages, with the PFS both accrediting participant firms and setting standards and fee structures. It follows the surprise announcements made in last month's Budget which, as well as widening retiree...