Npss is now a 'targeted intervention'

Speaking at the NAPF Autumn Conference on ‘The New World of DC’, outgoing chief executive Christine Farnish suggested the government and industry “needed to get real” about what personal accounts will deliver. She says: “One target for the new system could be to raise people above the pension credit level. And I have to say, in my more cynical moments, I do wonder if that’s not the actual gameplan.” Farnish also points out a “huge downside has become apparent in recent months” over the impact personal accounts will have on existing saving, and as a result the original proposals have cha...