Financial Advice

The government has rejected the accusation it gave advice to former workers at the UK Atomic Energy Agency when it was privatised two decades ago.

The government is to create a single guidance body for pensions, money and debt matters, which will replace The Pensions Advisory Service (TPAS), including Pension Wise, and the Money Advice Service (MAS), it has said.

This week's most read stories include TPR protecting members of a DB scheme accidentally converted to DC, and the FCA fining Aviva £8.2m for failing to protect client assets.

Cost and a lack of information are behind many retirees' decisions to shun advice when making retirement income choices.

Retirees are increasingly exposed to fraudsters since the pension freedoms were introduced due to the high cost of advice, according to the Trades Union Congress (TUC).

Pension schemes are underperforming and employees are concerned about where their money is invested, according to Portus Consulting.

The government should delay the introduction of LISA according to PP research.

The number of people accessing regulated advice to purchase annuity and drawdown products fell in 2015 according to this year’s Future Book.

Many trustees are wary about being seen to offer advice to members. John Stannard says they shouldn’t be.

This week we want to know if the government should delay bringing in the lifetime ISA, after concerns the industry might not be ready.