Competition for Npss admin already underway

In evidence to the Work and Pensions Select Committee, Richard Saunders chief executive of the Investment Management Association (IMA), said it would be a mistake to regard the system as a state-run operation. Supporting Lord Turner’s model for a National Pensions Savings Scheme (Npss), Saunders stated nobody is suggesting it would be run by the state, as there are already plenty of providers in the private sector offering to run the administration service. He says: “It will not be a new build and it would be logical for the board of the Npss to find a provider to run the administration...