Paymaster says Npss service model offers 9% extra

In its response to the consultation on the pensions white paper, Paymaster - the pensions administration and payroll service which was privatised by the government in 1997 - says the National Pension Savings Scheme (Npss) put forward by the Pensions Commission meets all of the government’s criteria. It says the main difference between the two models is the way in which savers are serviced, with the industry model offering service through a branded provider while in the Npss customers will be serviced through an unbranded administrator. Paymaster, part of the Xafinity group, says in its ...