Govt's pensions 'guidance' not enough, says St James's Place

From April next year, independent organisations such as the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) will be tasked with delivering free information to all over-55s who request it on their retirement options. It follows a promise made by Chancellor George Osborne during the March Budget, which formed part of a wider range of measures related to pension freedoms. These included new powers afforded to savers to access their pot, rather than be "forced" to buy an annuity. Some commentators have suggested savers cannot be trusted to handle their incomes sensi...