TPAS

The Pensions Advisory Service (TPAS) and Money Advice Service (MAS) have hit back at critics of their involvement in delivering the government's pensions 'guidance guarantee', saying they are confident they can scale up to meet demand.

Advisers have expressed their relief that the government's promised free at-retirement guidance will not be delivered by providers, but reservations remain over the likely involvement of the Money Advice Service (MAS).

The proposed role of the Money Advice Service (MAS) in delivering financial guidance to thousands of retirees is "concerning", according to Treasury Select Committee (TSC) chairman Andrew Tyrie.

Mark Hoban has backed the Money Advice Service (MAS) to play a central role in providing the guidance guarantee.

At the end of the first PA debate, Yellowtail Financial Planning's managing director Dennis Hall emerged as the clear winner as 75% of you agree that retirees could not be trusted to make their own retirement planning decisions.

As we enter the final day of The PA Debate 75% of you agree with Yellowtail's Dennis Hall that we cannot expect retirees to make informed financial decisions.

The PA Debate into whether retirees can be expected to make informed retirement decisions has entered the fourth day with closing arguments now available online...

"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).

The inaugural Professional Adviser Debate has moved on to the rebuttal stage: do you remain convinced that the public will not be able to make informed decisions about their retirement income?

At the end of day one of The Professional Adviser Debate readers voted overwhelmingly against the motion that retirees can be expected to make informed decisions following the recent Budget changes.