Government uncertain about summary risk ratings

Details of the government response to the TSC report on confidence in the long-term savings report – published last week - suggests the government was concerned about the practicalities of any attempt to create a standardised risk ratings indicator, similar to a traffic light system proposed by Angela Eagle MP. In a letter sent by the Treasury to the TSC committee, officials say: “The Government has previously informed the Committee that we have concerns surrounding the practical difficulties that a summary risk rating could have, especially when one considers that the risk profile of...