Pension freedom

The government should ensure a decent guaranteed income is the default option for defined contribution (DC) retirees, according to the Strategic Society Centre.

The advent of pensions freedom and auto-enrolment means it is time for advisers to rethink traditional retirement investment strategies and look toward "cradle to grave" investing, according to Birthstar.

The government has introduced an income tax exemption for regulated financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

The government has delayed the launch of a secondary annuity market amid concerns about consumer protection, it has said in its Budget document out today.

The government is extending access to its 'free and impartial' retirement guidance service Pension Wise to those aged 50 and above.

The Treasury will net an extra £700m in tax this year as a result of the pensions freedom and choice reforms, Hargreaves Lansdown has projected.

Why advisers can't ignore younger workers

Guidance guarantee providers will be liable for redress in the event of a consumer complaint about Pension Wise, the Financial Conduct Authority (FCA) has said.

The Association of Professional Financial Advisers (APFA) has written to the Chancellor to ask for a cut in financial services regulation in his upcoming emergency Budget.

Provider Zurich is reviewing whether to allow legacy retail clients access to its flexible drawdown product on a non-advised basis, in an effort to streamline pension freedom.