Low costs for npss is flawed idea - Scot Widows

In its submission to the consultation on the pensions white paper which closes on Monday, the insurer also warns personal accounts will only work if future levels of means testing are significantly reduced. Outlining the main focus of its response, Ian Naismith, head of pensions market development, says Scottish Widows believes the core elements of the white paper are a significant improvement on the current system while the overall structure is sound. And while the state system reforms are “far from simple”, Naismith says they do deliver a fairer system by addressing some of the inequa...