Npss mis-selling claims lack understanding - Purnell

Speaking at a Cicero financial services summit, Purnell defended the white paper proposals and confirmed further details on personal accounts will be set out in a second white paper rather than a technical paper. He says this decision reflects the significance the government is placing on this element of the original white paper pension reforms, as he claims personal accounts will be "one of the most important institutions created since the Second World War", and one which deserves “to be widely assessed in policy as well as technical terms”. He claims the presence of the 3% employer con...