NPSS suitability means 'no need for advice'

Delivering a speech entitled ‘Simplicity and Sustainability: rising to the challenge of pensions reform’, at the Institute of Economic Affairs’ (IEA) 9th annual conference yesterday, the Association of British Insurers' director general Stephen Haddrill told delegates the financial services market is increasingly providing customers with more and more information which they struggle to take in, and warns any new scheme should be wary of increasing this burden. As a result he says one of the main benefits of Turner’s proposals for compulsory employer contributions, makes the product suitab...