Otto Thoresen, Aegon UK chief executive, will today warn the RDR will price many consumers out of the market in a speech at the Liberal Democrat party conference.
Thoresen is due to speak at a fringe meeting at the conference called Saving Britain: Will the UK ever achieve a savings culture? alongside pensions minister Steve Webb and Maggie Craig of the ABI amongst others. As part of his speech, Thoresen will urge delegates to reconsider the need for different financial advice models, and points out the risk of the RDR making "the financial landscape more complicated" and limiting advice to the wealthy few. This, Thoresen will say, is not helpful in creating a healthy savings culture. Thoresen will also warn the coalition its reforms such as th...
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