Meaningful pension advice: Maximising the government's £500 allowance

Last week HM Treasury issued a consultation into the introduction of a pensions advice allowance, giving people the option to take £500 tax-free from their defined contribution pension to redeem against the cost of regulated financial advice. Anything that encourages a greater supply of regulated advice solutions for consumers, increasing their awareness about the options available to them and helping them to make the tough decisions on how to fund their retirement years and provide an income, has to be welcomed. We already know that people have access to plenty of guidance, including...