Schemes can expect to get clarity as to what the guidance guarantee entails by the end of the year according to pensions minister Steve Webb.
The income for the average retiree is almost 24% less than the minimum wage as pensioners experience an income drop of 66%, according to research.
Steve Webb would be "nervous" about providers playing a part in the Chancellor's guidance at retirement pledge.
The insurance industry is capable of cost effectively delivering the Chancellor's ‘retirement advice for all' pledge, but passing the "impartially test" would be challenging, Otto Thoresen has told MPs.
The insurance industry is capable of cost effectively delivering the Chancellor's ‘retirement advice for all' pledge, but passing the "impartially test" would be challenging, Otto Thoresen has told MPs.
The Pensions Advisory Service (TPAS) is considering the launch of video and Skype services to meet public demand for the government's ‘guidance guarantee'.
The Pensions Advisory Service (TPAS) received twice the normal number of calls following Chancellor George Osborne's delivery of the Budget 2014.
Barnett Waddingham’s Malcolm McLean says we action on retirement products
Pension Protection Fund (PPF) chief executive Alan Rubenstein has been appointed to the supervisory board of Dutch asset manager Robeco Group.
The Pensions Management Institute (PMI) has given Mercer's confident trusteeship courses its stamp of approval through accreditation.