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The guidance guarantee is a good first step but regulated advice is key for retirees of all shapes and sizes, writes David Trenner...
Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.
Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit with a smaller market share, research by Towers Watson suggests.
The Pensions Advisory Service (TPAS) and Money Advice Service (MAS) have hit back at critics of their involvement in delivering the government's pensions 'guidance guarantee', saying they are confident they can scale up to meet demand.
More than a third of advisers who would have recommended annuities prior to the pension freedoms announced at Budget 2014 are now suggesting drawdown options for some clients, research suggests.
Retirees could find it difficult to access regulated financial advice when considering defined benefit (DB) to defined contribution (DC) transfers, according to Punter Southall.
The government has slashed the incremental increase to the state pension offered to workers who delay their retirement.