Missing pieces: How advisers can help deliver Osborne's retirement 'guidance guarantee'

How advisers can help deliver Osborne’s retirement ‘guidance guarantee’

Jenna Towler
clock

Retirement guidance-for-all could be one of George Osborne's key legacies as Chancellor. As yet, it remains unclear who will ‘guide' the masses but regulated advisers can and will benefit from the policy, writes Jenna Towler...

George Osborne promised "free, impartial, face-to-face advice" for all defined contribution (DC) members during his 2014 Budget speech, as he gave people total freedom over their retirement savings. But that was then, this is now. ‘Advice' has firmly shifted to ‘guidance' and many industry commentators are still unclear on what is expected and how it will be paid for after the £20m initial allocation from government. Debate is raging across the industry as to who – and who definitely should not – be involved in the guidance process. Oh and, by the way, it all has to be established and...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

L&G becomes first pension provider to complete dashboards ecosystem connection

L&G becomes first pension provider to complete dashboards ecosystem connection

Provider finalised its connection to the ecosystem today

Holly Roach
clock 17 April 2025 • 1 min read
How public sector pensions impact divorce proceedings

How public sector pensions impact divorce proceedings

'The ripple effects of the McCloud Remedy continue to be felt in divorce proceedings'

Vanessa Gardiner
clock 15 April 2025 • 5 min read
Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read