Pensions Bill sees place for advice in workplace

Under the section on financial planning, the Bill proposes employers be responsible for ensuring employees get proper advice on pensions. "Regulations may require employers to take action for the purpose of enabling employees to obtain information and advice about pensions and savings for retirement," the Bill says in point 195 (1). The requirements also call for "different provision for different descriptions of employers and employees," suggesting financial advisers will be needed to help employers find the most suitable pensions provision for their employees. In addition to the ...