Why this adviser thinks pensions 'guidance' is the IKEA wardrobe of financial services

Why adviser Keith Churchouse thinks the government's pensions guidance is the IKA wardrobe of financial services

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Ever battled to put up an IKEA wardrobe? Chapters Financial director Keith Churchouse reckons the experience could bear a striking resemblance to the government's guidance guarantee...

"Following the significant changes in retirement planning detailed by the chancellor in his Budget of Spring 2014, we have now received the full details of the ‘guidance' planned for retirees from 2015. Although this document is still in consultation, the details are quite clear on the way the government expects this guidance to be deployed. The keyword that is apparent is the word 'guidance' rather than 'advice'. It is planned that guidance within set parameters will be provided by organisations such as the Money Advice Service and TPAS (The Pensions Advisory Service) to detail to...

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