Pension Wise

The Conservative minority government has set out its plans for a bill to merge the Money Advice Service (MAS), The Pensions Advisory Service (TPAS) and Pension Wise.

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...