Govt want Npss arangements kept at 'arms length'

clock

The government would like to see the arrangements for low cost personal accounts to be kept at "arms length" from the state when more details are released in a technical paper scheduled for the Autumn, claims the Minister for Pensions Reform.

Speaking at the annual Trades Union Congress (TUC) member trustee network conference: Pensions from Reform to Reality, James Purnell, who was appointed to the post just last month, says the white paper, published over a week ago, is just the start of reform. He points out important implementation details for a National Pension Savings Scheme (Npss) and transitional arrangements for small employers to make the compulsory contributions still need to be considered. Answering questions from trade union representative and pension trustees, Purnell admitted the details of the Npss is “one of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read