Withdrawals have hit £10bn barrier
The decision to merge the three guidance bodies into one is unnecessary and could even reduce the quality of services, the Association of Consulting Actuaries (ACA) has warned.
The Treasury and Department for Work and Pensions (DWP) have launched a consultation on merging financial guidance services into a unified body to provide a more efficient and central support service.
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.
Helen Morrissey says we need to look urgently at how retirees access advice and guidance.
Annuities can be re-sold from April 2017
The secondary annuities market will only work if the Financial Conduct Authority (FCA) puts in place adequate protections to prevent consumers being ripped off.
Anne-Marie Winton believes the way we communicate with people about pensions can prevent engagement.
Last week's Queen's Speech contained a long awaited Pensions Bill to toughen up master trust regulation and plans to streamline the delivery of guidance. Helen Morrissey looks at whether these measures will adequately address problems within the market...
David Harris says the overhaul of Pension Wise could allow more cost efficient and better thought out solutions for consumer advice to emerge.
After big changes were announced to MAS, TPAS and Pension wise Andrew Pennie asks what this means for the provision of advice and guidance.
This week we want to know whether the lifetime ISA will lead to the death of pensions and if value for money can be defined using consumer research.
The Chancellor certainly pulled some rabbits out of his hat in yesterday's Budget. PP gives a rundown of the key announcements affecting pensions.
Three bodies face major changes
A number of solutions are emerging that may make financial advice more accessible for defined contribution (DC) savers according to a report by the Pensions Policy Institute (PPI).
As Pension wise marks its first year of operation, Kristian Brunt-Seymour speaks to staff at the service's Banbury branch about their experience so far and how they think the service will evolve.
As the industry gets to grips with freedom and choice Helen Morrissey asks if signposting members to good quality retirement products can fuel informed decision making.
Retirement planning, collating information and managing costs are among the best ways for defined contribution (DC) members to optimise their retirement income according to WEALTH at Work.
Transaction cost up 4%
Graham Vidler looks at the challenges of ensuring pension freedoms work well for savers.
Almost half of those opting for income drawdown in retirement have done so without seeking advice, new data from the Financial Conduct Authority (FCA) has shown.
The government has been urged to prioritise simpler guidance, more widespread advice and better retirement products to help people save for retirement.
Each session costs almost £500
Pension wise statistics will be updated on a monthly basis by the government according to the Treasury's economic secretary Harriett Baldwin.