Savers are to receive free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) when given unfettered access to their pension pots from next year, the government has said.
Pensions minister Steve Webb has given the clearest indication yet of the make-up of the government's retirement ‘guidance guarantee', which will include a clear "hand off" to full advice for those who need it.
Here they are. 11 examples of how HMRC's transitional guidance will affect members.
HMRC has published guidance on the transitional issues associated with the pension changes that were announced in this year's Budget.
Mark Hoban has backed the Money Advice Service (MAS) to play a central role in providing the guidance guarantee.
Providers could be the big winners with increased flexibility, Natasha Browne says
Unlocking defined contribution (DC) member options will force schemes to outsource their post-retirement processes, industry figures say.
Con Keating says lessons have not been learnt
The charge cap on defined contribution (DC) default funds risks incentivising short-term trading, the Law Commission has warned.
Natasha Browne looks at what an independent Scotland would mean for occupational pension schemes