A leading pensions expert has said the government's new pension advice service will not be properly staffed by the launch date of 6 April.
Margaret Snowdon told Radio 4's Money Box programme that Citizens Advice had left it too late to ensure staff would have the right level of expertise. In October the government announced that Citizens Advice would provide face-to-face "guidance" at bureaux. Citizens Advice said the service would be "up and running" by the launch date. However its chief executive, Gillian Guy, said her organisation was not looking to recruit "pensions experts". From April those aged 55 and over who were due to access defined contribution pensions will have new freedom to take their pension as a cash lump sum, with no obligation to buy an annuity.....Read more here