Personal accounts 'need to focus on advice'

Among them is the Resolution Foundation, which says more work needs to be done on the role of impartial advice if the proposals set out in Tuesday’s white paper: 'Personal accounts: a new way to save', are to move forward. The organisation, which is currently investigating the feasibility of setting up a new national generic advice network, says overall it supports the proposals for personal accounts and the decision to remove many of the costs linked to current pensions such as the need for regulated advice. However, it argues if the accounts are to work, they must be accompanied by th...