A big Budget promise: Why advisers must have their say on the guidance guarantee

Hands up who among you thought there would be such wide-ranging changes to pensions in the 2014 Budget? Us neither. One area that stands out is the issue of the guidance guarantee. The consultation on the guidance guarantee that was announced in the Budget was published on the same day, within the consultation on the all the changes proposed for April 2015. These potential changes have wide ranging implications for the sector, and there has been plenty of discussion in the press and amongst providers and advisers about the way this should be dealt with. The consultation states that...