Pensions passport must replace wake-up packs - Hargreaves

It made the suggestion as part of its response to the government's guidance guarantee consultation which closes today. Hargreaves Lansdown head of pensions research Tom McPhail - who is also chairman of the Pensions Income Choice Association (PICA) - said the window of time before the guidance guarantee comes into effect was an opportunity to improve the customer retirement journey. The firm set out a series of key recommendations to the government. It said there should be a single, well-governed directory of retirement income providers and the cost of the guidance guarantee should...