The guidance guarantee scheme for retirees should be funded by a levy across the financial services sector, the National Employment Savings Trust has told the Government.
Two leading firms in the retirement income sector have called for technology to play a key role in delivering the pension guidance guarantee pledged by the Government.
Act now or risk failure is the message to the Government today from two major organisations, which say there is a "unnerving lack of detail" still about the guidance guarantee on pensions.
The FCA has today reacted to the Budget by putting forward a number of changes to its client money rules that will affect investment firms managing ISAs.
The chief executive of the FCA wants to explore whether strides forward in artificial intelligence can help deliver more automated advice and contribute towards solving the 'advice gap'.
The findings of a survey on pensions advice reinforce the need for the Government's guarantee of one-to-one guidance to be genuinely unbiased and neutral and not delivered by the industry, Which? has said.
A new survey suggests that one in 10 higher earners fail to make a personal contribution to a pension and on average higher rate taxpayers miss out on £2,500 a year in tax relief each – equivalent to £225m a year for all higher earners.
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