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