Tories predict government vulnerability to "misbuying" claims

Professional Adviser
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Government pensions policy will be the next scandal to break after the overstated misselling problem...

Government pensions policy will be the next scandal to break after the overstated misselling problems, argues Michael Howard, Conservative MP, which could see the government facing compensation claims. The new pension plan will, according to Howard, mislead a lot of people since no one is going to tell them whether a product is suitable for their individual needs or not. "A huge swathe of the population might indeed be ill-advised to buy a pension." As it is now, an average couple both age 60, would have to have saved at least £142,000, which is the present value of th...

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