Advice still available with NPSS, says Which?

Giving evidence at the Treasury Select Committee (TSC) inquiry into the design of a NPSS, Mick McAteer, senior policy adviser at the consumer body, said if people weren’t confident about making investment decisions there was nothing to stop them going and getting independent advice. Supporting the idea of a NPSS model as proposed by the Pensions Commission and the Investment Management Association (IMA), McAteer even suggested the cost of the NPSS would be so cheap, it could afford to give people a £200 voucher for advice per year for the life of the fund. But also speaking at the first...