Webb: Paid-for quality advice on pensions 'crucial'

Speaking at the opening of the Personal Finance Society (PFS) Conference in Birmingham today, Webb gave a summary of the reforms the coalition government had made, including changes to the state pension. Although he accepted paid-for advice would not be a suitable route for many people, he did explain the important role financial advisers would continue to have in the pensions landscape. "Lots of people are still going to want advice. An area where I'm very keen people get good quality financial advice is incentivised transfer exercises, pension increase exchanges and all of that," he...