Guidance guarantee providers will be liable for redress in the event of a consumer complaint about Pension Wise, the Financial Conduct Authority (FCA) has said.
Pension scam alert: Five tips to share with clients
The Chartered Insurance Institute (CII) is considering launching a qualification for product providers' staff who are likely to deal with at-retirement customers.
Hargreaves Lansdown has launched a low-cost retirement planning service aimed at filling the advice gap between Pension Wise and regulated financial advice.
The Financial Conduct Authority (FCA) has defended the methods it uses to calculate advisers' contribution to its annual costs as fair and proportionate, as it confirmed a 10% hike for firms for 2015-2016.
Mandatory advice on pension freedom cases with guaranteed annuity rates worth more than £30,000 should be scrapped and replaced with a ‘customer control' mechanism delivered through the Pension Wise service, the Association of British Insurers (ABI) has...
Advisers must take the lead in the 'decumulation revolution'
Financial advisers should not be asked to help fund the government's retirement guidance service unless it is of demonstrable benefit to firms, the managing director of support firm SimplyBiz has said.
Advisers' contribution to funding government retirement guidance service Pension Wise should be reduced because they are not benefitting from its existence as much as anticipated, according to the Association of Professional Financial Advisers (APFA)....
Two-thirds (65%) of people aged over 55 and still in work think financial advice at the point of retirement should be compulsory, according to research.