Millions of people will get free, impartial advice on how to make the most of their retirement savings under George Osborne's radical shake-up of the pension system. Pensions expert Ros Altmann, the Government's older workers' business champion, said:
The decision that guidance must be impartial and separate from the industry is a real game-changer and will help equip people to make the right decisions for them.
The challenge is now firmly with the industry to develop the products that people need, rather than simply the products they wish to sell.
More top news
Billionaire Microsoft co-founder Paul Allen has claimed discovery of the Japanese battleship Musashi that was sunk by the US Navy in 1945.
Friday will be mostly dry with sunny spells for much of the UK. Temperatures will be mild across the country.
Some famous Liberal Democrat names will be fighting for their political lives in the election, now just over two months away.