Standard Life in FSA rules waiver query

The provider says the Government believes the existence of means-tested benefits has no bearing upon the recommendation to save for retirement. Standard Life’s comments follow an article by Mike O'Brien, Minister for Pension Reform, earlier this month. The article says people do not save enough and calls advice not to save in case they find themselves on means-tested benefits, bizarre. O'Brien says: “It can only mean people missing out on years of employer contributions and investment returns, a decision exposing them to risk and uncertainty.” Standard Life says it is unclear whether...