Budget 2014

Suspicious minds: Will the pension revolution change public opinion on advisers?

The vast majority of older workers would be better off if they remained enrolled in their workplace pension scheme, according to analysis.

George Osborne famously referred to free retirement 'advice' during his Budget speech but 'guidance' in the supporting documents, suggesting he sees little difference between them. Does this matter or is the difference just semantics, asks Fiona Tait......

Defined contribution (DC) savers who intend to manage their own pension pot in retirement are unwilling to pay for regular advice, according to research from consultant firm Hymans Roberston.

The promise of guidance at retirement "does not go far enough" and a new form of retirement-focused advice must be created by the regulator, according to Royal London.

Malcolm McLean predicts politicians will target tax relief ahead of the general election

Confusion over the government guidance guarantee should be urgently addressed as the majority of people think ‘guidance' and ‘advice' are the same thing, according to website unbiased.

Did pensions just get exciting?

Just Retirement is "rapidly adapting" its business model to accommodate changes to pensions announced at Budget 2014, after disclosing annuity sales are "at around half of pre-Budget levels".

Life insurer Friends Life has reported a "limited immediate Budget impact" on its retirement income business but said it expects annuity sales to drop by up to 70% in the medium term.