The Association of Independent Financial Advisers (Aifa) has called on the government to consider the role of advice in the pensions debate, or risk a policy failure.
In its submission to the Department of Work and Pensions (DWP) – The Role and Value of Advice – Aifa states: “We believe that, regardless of the solution finally chosen, there will be a need for advice, and indeed, if this is allowed for at outset, it will actually assist with an improved policy delivering a better outcome and more confidence in the government’s proposals.” It believes the current debate, and the Pensions Commission in particular, has under-estimated the need for advice and it claims pensions booklets cannot hope to provide the level of analysis and assistance offered by ...
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