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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes