White paper 'still doesn't address advice issue'

The IFA firm says plans to simplify the state pension and introduce a national pension scheme are met with broad approval, it believes the government is also in danger of repeating the mistakes made in the introduction of stakeholder pensions. It argues there is a real difference between the provision of information and the provision of advice adding it had hoped the government would have learned its lesson from the stakeholder failure. David Marlow, director of Alexander Forbes Financial Services, says the proposal for auto-enrolment will improve participation rates in saving for retir...