ABI admits NPSS breakeven period is worrying

While giving oral evidence at the Treasury Select Committee’s inquiry into the design of a NPSS, Stephen Haddrill, director general of the ABI, Christine Farnish, chief executive of the National Association of Pension Funds (NAPF) and Richard Saunders, chief executive of the Investment Managers Association (IMA), were all asked if they were worried by the calculations carried out by Standard Life in its submission to the TSC. Haddrill said the organisation did worry about the time period, and said it was one of the reasons which drove it to look at what costs they could produce an alterna...