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ABI responds to HMT announcement on pension guidance providers

HM Treasury has today outlined next steps on the delivery of the pensions guidance guarantee.

Commenting on the announcement, Huw Evans, Deputy Director General, Association of British Insurers, said:

"Whilst today's announcement is a step forward, clarity is still needed on a number of outstanding issues including what the guidance will actually look like and how the tax and regulatory aspects of the reforms will work in practice. 

"It is now seven months since the Budget and time is beginning to run out to get this finalised. Pension providers remain committed to making the reforms work well for customers."

Last updated 01/07/2016