IFA's open letter to Webb demands pension advice push

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Retirement Angels founder Alan Higham has written an open letter to pensions minister Steve Webb demanding pension reform that pushes people towards advice.

Higham was accidentally sent an email by staff at the Department for Work and Pensions (DWP) revealing opposition to reform that encourages use of financial advisers. First published on his blog, this letter to Webb (pictured) sets out Higham's proposal for reform of the at-retirement stage and calls on the minister to take action. Dear Steve There is a simple solution worth trying to the persistent problem of people wasting billions of pension savings each year at retirement. Experts I have consulted across insurers, consultants, IFAs, trustees, educational bodies and charities...

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