NPSS alternatives could lead to mis-selling - Turner

Speaking at the National Pensions Debate in London, Lord Turner - head of the Pensions Commission - suggested there was a potential mis-selling risk with a carousel system of allocating people to providers as proposed by both the Association of British Insurers (ABI) and the National Association of Pension Funds (NAPF). He said a carousel system, as suggested by the ABI, created the possibility of some funds providing poorer returns than others, and this could lead some people to question why they were allocated fund A, when their next door neighbour with the same amount of money was put...