Members should foot the bill for cost of retirement advice, industry says

Buzz survey finds narrow majority believe financial responsibility falls to members

Martin Richmond
clock • 2 min read
Members should foot the bill for cost of retirement advice, industry says

Pension scheme members should pay for financial advice if it were to be mandatory at the point of retirement, according to the pensions industry.

Results from last week's Pensions Buzz survey revealed a majority of respondents said the member should foot the bill for the cost of the advice, with the employer and the government proving to be ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

AMNT calls for mandatory member representation on scheme boards

AMNT calls for mandatory member representation on scheme boards

Body says members’ voices remain ‘almost silent’ in current DC and CDC arrangements

Martin Richmond
clock 13 August 2026 • 3 min read
Taxable pension withdrawals pass £75bn for under-65s

Taxable pension withdrawals pass £75bn for under-65s

Analysis finds 2.4 million have now taken their first taxable payment below the age of 65

Alex Levy
clock 13 August 2026 • 2 min read
AMNT: Three urgent reforms for the protection of member rights

AMNT: Three urgent reforms for the protection of member rights

John Flynn says the organisation has ‘serious concerns’ the voice of members will be lost

John Flynn
clock 13 August 2026 • 5 min read
Trustpilot