generic advice

A national system of generic advice could cost just £50m, less than half the estimated figure published in a Select Committee report, claims the Resolution Foundation.

Government plans on how to integrate pensions information between the state scheme and personal accounts, should include details of how scheme members can access advice from IFAs.

Government policy on personal accounts may have to be "revisited" if the Thoresen review into generic advice fails to identify a short, simple and easy to understand way of providing information on whether to opt-in or out of personal accounts, warns...

The introduction of a generic advice service combined with the retail distribution review could change the regulatory landscape to allow IFAs to ‘focus' their advice and not have to complete unnecessary paperwork, according to the FSCP.

Otto Thoresen has asked the industry to provide evidence on five key questions feeding into his review on generic financial advice.

A national service providing generic advice will act as a ‘signpost' into the regulated advice market instead of providing competition, claims Ed Balls MP.

Jargon related to pensions is putting more than 14 million UK workers off planning for their retirement, claims new research from Aviva.

Aviva has launched a new online planning service to help individuals engage in financial planning for the future, as research by the firm reveals 60% of the world's pre-retired adults worry they haven't saved enough for retirement.

Plans to raise the contribution cap on personal accounts to £5,000 will mean the decision to remove regulated advice could not be "sustainable", warns the Investment Management Association (IMA).

Plans to provide national generic advice to boost financial capability will need to be supported by more than the £50m announced earlier this week, suggests Standard Life.