Budget 2014

From the editor: A big unanswered question for pensions 'guidance'

The Pensions Advisory Service (TPAS) and the Money Advice Service (MAS) will struggle to cope with the scale and speed of meeting the guidance guarantee, industry figures say.

Should clients defer buying an annuity following Budget changes?

The proposed role of the Money Advice Service (MAS) in delivering financial guidance to thousands of retirees is "concerning", according to Treasury Select Committee (TSC) chairman Andrew Tyrie.

HM Treasury is set to change tax rules in a bid to help providers develop new retirement income products that better meet the evolving needs of members.

Helen Morrissey looks at the implications of the Treasury announcement on transfers

Revealed: The 12 standards retirement 'guidance' providers must meet

Stakeholders have welcomed the government's decision to mandate regulated advice for those seeking to transfer out of a private sector defined benefit (DB) pension scheme.

Pensions minister Steve Webb has given the clearest indication yet of the make-up of the government's retirement ‘guidance guarantee', which will include a clear "hand off" to full advice for those who need it.

HMRC has published guidance on the transitional issues associated with the pension changes that were announced in this year's Budget.