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
Bright & breezy with some showers
ITV News witnesses the devastating aftermath as 600 people remain missing and 300 are confirmed dead.
Wayne Lotter, the co-founder and president of the conservation organisation PAMS Foundation, has been shot dead by gunmen in Tanzania.