Webb: Guidance guarantee will fuel appetite for the vintage wine of independent advice

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The guidance guarantee will fuel demand for independent advice and will be a "huge opportunity" for advisers, pensions minister Steve Webb has said.

Speaking at the inaugural Retirement Planner Forum and Awards 2014, held in London this morning , Webb (pictured) said the guidance guarantee would only get people to the starting line, giving them just a basic understanding of what their options are and issues such as taxation and longevity. But he said there was only so much that could be covered in such a limited conversation, which would only equip them with the very basics of retirement planning. Webb said: "There are some in the advice community who see this as a threat. I see it as a huge opportunity. I liken the guidance guara...

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