Webb: Guidance guarantee will fuel appetite for the vintage wine of independent advice

clock

The guidance guarantee will fuel demand for independent advice and will be a "huge opportunity" for advisers, pensions minister Steve Webb has said.

Speaking at the inaugural Retirement Planner Forum and Awards 2014, held in London this morning , Webb (pictured) said the guidance guarantee would only get people to the starting line, giving them just a basic understanding of what their options are and issues such as taxation and longevity. But he said there was only so much that could be covered in such a limited conversation, which would only equip them with the very basics of retirement planning. Webb said: "There are some in the advice community who see this as a threat. I see it as a huge opportunity. I liken the guidance guara...

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

IHT on pensions: A moment in time for the profession to shine

IHT on pensions: A moment in time for the profession to shine

'Bringing pensions into the IHT net marks a structural change in how wealth is transferred'

Andrew Zanelli
clock 21 October 2025 • 4 min read
Could AI be the answer to making pensions intelligible for all?

Could AI be the answer to making pensions intelligible for all?

'Not about dumbing down'

Paul Muir
clock 16 October 2025 • 4 min read
Torsten Bell warns pensions industry to 'face up' to its problems

Torsten Bell warns pensions industry to 'face up' to its problems

Torsten Bell told delegates to ‘keep engaging’ with the pension commissioners

Holly Roach
clock 16 October 2025 • 2 min read