The FCA will strengthen its proposals on the pensions guidance service to protect consumers in light of industry concerns and following fears raised in Parliament over another mis-selling scandal.
The Government should cough up the costs of the new retirement guidance service for the first year, a pensions firm believes.
The Association of Investment Companies has backed the idea of giving retirees vouchers for pension advice and questioned the Government's 'curious' approach to the guidance guarantee.
Nearly a quarter of over 55s would trust professional financial advisers to provide the retirement planning service pledged in the Government's guidance guarantee, a survey suggests.
A director of a pensions firm has backed the idea of providing the Government's promised guidance guarantee online.
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