Retirement guidance guarantee 'does not go far enough' - Loney

The pension provider said it is essential “mistakes of the past” around annuities are not repeated in the new order post-Budget. It said income drawdown would become more popular in the early stages of retirement but warned any drawdown strategy must be matched to individual risk profiles.  Speaking as the group released its first quarter results, group chief executive  Phil Loney said: “The new pension freedoms will transform the way people think about their retirement savings and planning for later life. They come just as more people than ever are saving in a workplace pension scheme a...