Npss must have generic advice - TSC

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A National Pension Savings Scheme (Npss) would require some form of generic advice, the Treasury Select Committee (Tsc) has stated.

But, the Committe which published the findings of its enquiry into the ‘Design of the National Pension Savings Scheme and the role of financial services regulation’ yesterday, says much would depend on the availability of compulsory employer contributions and the future course of means-testing. The Tsc says there is a “great and a unique opportunity to reverse the decline in private pension provision” and appears to support the idea of Turner's model for a Npss provided it meets three key conditions: A correct balance should be struck between the role of the State in securing and promo...

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