Government faces battle over NPSS - papers 15th February

The paper reports that representatives of the industry met pensions minister Stephen Timms yesterday to discuss their proposals. But it is understood their objections have been overshadowed by the Investment Management Association (IMA), representing big fund management houses, which has strongly hinted that costs can be kept near Lord Turner's recommended levels. The NPSS is a central plank of proposals from Lord Turner's pension commission. He said employees denied access to private occupational schemes should be put into a new scheme provisionally dubbed the Britsaver. He calculated ma...