Pension policymakers have been urged to attend a summit to address how to avoid the Retail Distribution Review (RDR) creating an ‘advice gap' for the poorest pensioners.
Ministers from HM Treasury, the Department for Work and Pensions and the Financial Services Authority have been invited to attend the International Longevity Centre-UK (ILC-UK) event on 20 June. The think tank said RDR requirements could leave the poorest and less well-off pensioners in society with no access to "crucial financial advice" and a solution must be found. The event - backed by Aviva and Partnership - follows the think tank's report paper The Retail Distribution Review and Small Pension Pots, released in March. ILC-UK chief executive Baroness Greengross said the end of ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
