Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.
Financial advisers should not be asked to help fund the government's retirement guidance service unless it is of demonstrable benefit to firms, the managing director of support firm SimplyBiz has said.
The potential for savers taking free financial guidance to mistake it for advice is real and threatens everything advisers "have worked hard for", a financial planner argued in a panel debate on the government's Pension Wise service.
The Association of British Insurers (ABI) has launched a campaign to help customers understand their choices in retirement following the government's pension reforms.
Nine safe bets (and a few unsafe) from pensions 'freedom'
Action Fraud, the UK's national fraud reporting centre, has said it will change the wording of future communications to the public after concerns about a newsletter incorrectly stating people can get financial "advice" from the Citizens Advice Bureaux...
Money Advice Service (MAS) partnerships with financial services organisations are "coming to fruition" as "more people than ever" have turned to the service for help with their finances, chief executive Caroline Rookes has said.
Providers fear the regulator's new rules on how they must deal with retirees will leave customers wrongly assuming they have received advice, if details of what is expected of them are not published soon, according to an industry figure.
The Money Advice Service (MAS)'s retirement advice directory, put in place to support the incoming pension freedoms, has opened for adviser registration.
The government's guidance guarantee providers will not be properly staffed by April and will lack the right level of expertise to deliver the service, a pensions expert has warned.