Employers lose out on commission-based pension advice

The firm says employers need to seek out impartial advice to ensure their employees receive good value for money pensions. Pan Andreas, head of corporate clients at Towry Law, believes employees are losing out on retirement provision and employers are wasting money because of poor advice. "The corporate pensions industry is still largely focused on selling pension schemes rather than providing the overall client-focused service proposition that is so desperately needed by both employers and employees," he explains. Towry Law says small and medium-sized enterprises (SMEs) are particula...