Partnership: Guidance guarantee will spark simplified advice developments

Partnership chief executive Steve Groves said focused, or simplified, advice will be a key development from the pension freedoms announced in the 2014 Budget. He said both providers and advisers needed to adapt to the new pensions environment, which comes into effect in April next year, and it was an opportunity for both parts of the industry. "There are changes coming, I see them as a big positive," he said. "This has brought about a massive societal need for advice around retirement. Advisers should embrace that. "Different advice models will need to emerge, the value add for adv...