How the cost of the government’s promise of at-retirement advice could be met
Keith Ambachtsheer talks to Helen Morrissey about the need for scale
The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.
Schemes can expect to get clarity as to what the guidance guarantee entails by the end of the year according to pensions minister Steve Webb.
The cost of providing the guidance guarantee will fall on schemes according to pensions minister Steve Webb.
Helen Morrissey looks at the impact of DWP's consultation on DB to DC transfers
The Department for Work and Pensions (DWP) will publish its response to last year's charge cap consultation next week, pensions minister Steve Webb confirms.
George Osborne's promise of free, impartial, face-to-face advice for defined contribution (DC) retirees could cost the industry anything from £32m to £120m a year, consultants warn.
Pension Insurance Corporation (PIC) saw its pre-tax profits fall more than 40% in 2013, despite securing new insurance business worth £3.7bn.
The Budget ushered in massive changes in the retirement income space. Helen Morrissey asks what this means for the industry