Actuaries warn gov't over Npss means-testing

In the document ‘Personal Accounts – a view from the Actuarial Profession’, the organisation say while in principle it welcomes the introduction of the new system, it says it has “concerns about the way personal accounts might be presented to those in the target group who are on low to medium incomes”. It points out while it has already expressed these concerns to the government, the organisation warns “it is vital that we do get it right, because otherwise another ‘mis-selling’ legacy may be in the making”. The Profession, made up of the Institute and Faculty of Actuaries, says the pro...