Hutton fails to silence critics - papers 13th December

It says the plans failed to persuade critics it would leave the poorest-paid any better off at the end of the day, particularly as it sidestepped provisions to ensure FSA oversight to reduce the chances of another pensions mis-selling scandal. The paper quotes pensions guru Steve Bee of Scottish Life saying the proposals would do little for several categories of savers because of the linked stripping away of means-tested benefits. “Mr Bee said regulations would need to be put in place to safeguard families from locking money they could ill-afford into a pension,” the paper writes. It ...