"The Budget freedoms are not license for people to spend their retirement income unwisely" - so said Key Retirement Solutions' Billy Burrows when I interviewed him recently (see pages 4-5).
It is true that the recent announcements have done much to pique people's interest in what they can do with their pension pot but without the appropriate guidance and/or advice they risk making bad decisions.
We need to be able to identify clear pathways to good quality guidance and advice services so those in the run up to retirement get the information they need to make informed decisions.
While there are many agencies out there - advisory firms, TPAS or the Money Advice Service to name just a few - providing vitally important information, the reality is that many people either don't know they exist or else don't know how to access them.
We need to see the emergence of either one brand or a select few that become synonymous with providing a quality service. If that happens then retirees will know where to go to get the help they need. Over time it will become embedded as part of the retirement process.
If we can get to this point then I think we will see improving retirement outcomes for the majority. Without this, we will continue to see people making poor decisions and the relentless waves of retirement reform we have seen over recent years will have come to nothing.
An ambitious objective
'Something completely new'
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m