The government must make an "urgent decision" on the specifics of the guidance guarantee to ensure the April 2015 deadline is met, Friends Life has said.
The provider said the government must make up its mind quickly on its preferred delivery method to ensure the industry has enough time to work together on the new scheme and ensure consumers get the right help. A consultation on the plans, which closes on Wednesday, has attracted numerous suggestions on how best to deliver the Chancellor's pledge. The Personal Finance Society, for example, believes chartered financial advisers could play a critical role. The Pensions Advisory Service (TPAS) has also said it could take on the mantle of guidance at-retirement for the estimated 400,000 a...
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