Pensions dominated the Coalition's plans for its last year in power before the General Election as the proposals were announced by the Queen this morning.
The Government has set out its plans in today's Queen's Speech for its final year before voters go the ballot box in the 2015 General Election with pensions at the centre of reforms.
The Coalition hopes to sweep away suggestions that it is a 'zombie Government' this morning as radical pension reforms take centre stage in the Queen's speech.
The FCA has outlined questions it will be asking advisory firms in the next step of its probe into charges after it produced a scathing report on the failure by firms to provide correct information earlier this year.
People who have been used to paying basic rate tax their whole life could find themselves paying 40% on part of their pension fund if they withdraw large sums in one year, a firm has warned.
Portfolio management services must be more accessible to customers and there needs to be greater transparency around costs, two financial services firms have said.
Many advisers remain sceptical about offering a self-directed service to their clients alongside their current proposition, a survey suggests, after finding less than 10% are looking to add one.
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