Gov't is a target if Npss default fails

In a joint seminar hosted by CASS Business School and Legal & General on the challenges arising form personal accounts for both employers and the delivery authority, Debbie Harrison, senior visiting fellow at the Pensions Institute at CASS, questioned who would taking responsibility if the default system goes wrong. In her presentation, she raised concerns should the first personal accounts reach maturity and fail to deliver an adequate private retirement income and/or people lose out on means-tested benefit, it could be considered as “mis-selling” by the government, employer, provider, or...