Free Retirement Guidance Should Be Independent

August 7th, 2014

There is widespread support for government proposals to provide free retirement guidance but more than half of over-55s think it should come from an independent, consumer body.

Chancellor George Osborne announced plans at the 2014 Budget to guarantee all retirees with a defined contribution pension “free, impartial face-to-face advice”.

Retirement “advice”, which is regulated, was quickly replaced with “guidance”, which may be unregulated, subject to the final rules.

A survey by LV= found that 80% of respondents supported the proposals, due to take effect from April 2015.

However, the responses revealed a lack of faith in pension providers to give impartial, trustworthy guidance.

The survey of more than 2,000 people aged over 55 found:


BACK TO NEWS PAGE »
Latest News

Introducing our team of Sage Business Cl...

October 31st 2019

As we move towards a future of digital accountancy, Champion is committed to ensuring all of the mem...

Scam warning: HMRC phone fraudsters

October 28th 2019

We’ve recently been contacted by a number of Champion Accountants clients, informing us that they ...

Focus
management accounts

HOW WE HELP YOU Our Management Accounts service can be fully tailored to your nee...

corporate finance

Growing through acquisition is an exciting opportunity for your business, but fear o...

SPOTLIGHT ON R&D

Sevron Ltd

MQI Logo marketing1

Innovative software developers, Sevron Ltd, help businesses reduce risk in the workplace by creating specialist Health & Safety software systems.

Our Tweets

Champion Accountants

Growth Protection Core Support Menu
Contact