Helen Morrissey says people retiring in the next few years will risk making poor decisions
Buck Consultants have been appointed as administrators of Manchester Airports Group (MAG) £20m defined contribution (DC) scheme.
The pensions industry could see up to £6bn withdrawn from funds during the first four months of retirement freedoms according to Hymans Robertson.
The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.
As the Citizens Advice Bureau and the Pensions Advisory Service hire people to deliver the guidance guarantee in April 2015, Michael Klimes investigates industry concerns over whether they will be up to the job.
Industry figures have questioned the calibre of recruits recruited by the Pensions Advisory Service (TPAS) and the Citizens Advice Bureau (CAB) to deliver the guidance guarantee.
Pensions minister Steve Webb's bid to allow annuitants to sell their contracts in exchange for cash has been rejected by industry figures.
The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
Fewer than one in seven defined contribution (DC) schemes plan to make it mandatory for members to take up the guidance guarantee before accessing their pot, PP research finds.
The pensions industry does not believe defined benefit schemes should survey members about their attitudes to investing, PP research finds.