Budget 2014

Just 25% of pension professionals believe The Pensions Advisory Service (TPAS) and the Money Advice Service (MAS) are up to delivering the 'guidance guarantee', PP research finds.

Online register idea touted as ‘win-win’

Annuities should continue to play an important role in retirement planning and free guidance, according to research published today by the International Longevity Centre (ILC).

Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.

So as expected the Treasury's response to the Budget consultation will allow transfers from private sector DB schemes to DC.

Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit smaller, according to new research by Towers Watson.

The Pensions Advisory Service (TPAS) and Money Advice Service (MAS) have hit back at critics of their involvement in delivering the government's 'guidance guarantee', saying they are confident they can scale up to meet demand.

Now Pensions anticipates that "the vast majority" of its members will choose to take cash at retirement following the flexibilities introduced in the Budget 2014.

Insurers are expected to offer income drawdown for schemes unwilling to offer the full range of retirement income options to members.

Fidelity Worldwide Investment has launched an at-retirement service ahead of the deadline for implementing the new flexibilities for defined contribution (DC) members next April.