Royal London seeks 'low cost' advice partners for non-advised retirees

The group said it is "working on future ways to give our retiring non-advised customers access to independent and impartial advisory firms at low cost". Though it welcomed the introduction of independent 'guidance' for retirees from April next year - when the over-55s will be given greater freedom to draw their retirement savings - it said that initiative alone would not be enough to protect consumers and that regulated advice had a role to play. "The guidance guarantee, although welcome, will not be enough to ensure that the public gets the best outcomes from the government's reforms...