Retirees to be told life expectancy as part of Budget 'guidance'

Those approaching retirement have little idea about their life expectancy, Webb told Sky News. Webb said the guidance would be given face-to-face by savings 'advisers' to those who request it. As announced at Budget 2014, all retirees with a defined contribution pension will have the option of receiving "free, impartial, face-to-face advice" on their options, though the government has since clarified it referred to unregulated 'guidance'. Retirees may want extra direction after the Chancellor, George Osborne, gave savers unprecedented access to their retirement pots. Webb said: ...