News

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).

Ashcourt Rowan has announced chief operating officer Richard Sinclair is to leave the group at the end of the month.

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.

HM Treasury is set to change tax rules in a bid to help providers develop new retirement income products that better meet the evolving needs of members.

Financial advisers could pay a larger share of the costs for delivering the government's ‘guidance guarantee' than pension providers.

Stakeholders have welcomed the government's decision to mandate regulated advice for those seeking to transfer out of a private sector defined benefit (DB) pension scheme.

The Financial Conduct Authority (FCA) has found evidence of poor pension transfer advice, and, in a separate review, has written to the CEOs of self invested personal pensions (SIPP) providers raising concerns over firm failings.

Dividend growth fell to its lowest level in over three years in Q2 as large caps struggled to maintain dividends in the face of strong sterling and a slowing global economy.

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

Savers are to receive free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) when given unfettered access to their pension pots from next year, the government has said.