Pension administrators need 'safe harbour' to give information

Employees who will not have financial advice, either through choice or because they cannot afford it, will need information and guidance from their scheme administrator, PASA says. However, Margaret Snowdown, chair of PASA, said employers and scheme administrators alike are held back from providing information "by fear of breaching the scary regulated advice boundary". "Everyone should have access to a qualified financial adviser, though the chances are there will be fewer of those around in future," said Snowdon. "There is a role for pensions administrators here. Giving people inf...