Over 70% want specific advice on Npss

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More than 70% of consumers believe they will need advice on whether to opt-in or out of the new personal accounts.

In addition, the survey of more than 1,300 callers to The Pensions Advisory Service (TPAS) helpline reveals 79% of consumers say they will need advice on the best way to invest their contributions, while 76% would want advice on whether they are paying enough. But despite the fact most proposed models - including those by the Association of British Insurers (ABI) and National Association of Pension Funds (NAPF) - have cut out the advice process, around 78% of those surveyed are in favour of the new system of personal accounts, with almost three-quarters supporting the idea of automatic en...

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