Generic advice may not be enough for Npss, says FSA

In its 12-page response to the consultation on the pensions white paper, the FSA says the regulatory framework around personal accounts will depend on whether they are designated as occupational or personal pensions and the final model chosen. Expressing no preference on a model type, the FSA says there will be suitability risks for both types of models, particularly as auto-enrolment could catch people who the accounts would not be suitable for, such as those with high interest debt, or the terminally-ill. But it warns while it should be possible to put in place information to help p...