PFS backs flat-fee advice for Osborne's pensions revolution

The organisation, headed by chief executive Keith Richards, is suggesting the development of a single-fee, regulated, 'focused' advice model which would be offered by participating advisers up and down the country. As it would be regulated advice, it would not directly deliver on George Osborne's promise at Budget 2014 that everyone retiring with a defined contribution (DC) pension would have access to "free, impartial, face-to-face" guidance. But it would, Richards said, form part of a larger solution helping those for whom guidance would not be enough, and a full financial review to...