Consultancy charging ban brings opportunities for advisers

Speaking at the launch of the Scottish Widows UK Pensions Report Strauss said he was concerned how the abolition would affect smaller employers. "We are worried about the potential advice gap and we are working with the Federation of Small Businesses to see what can be done," he said. "However, I think we will see accountancy firms and advisers moving into the area to offer simple low cost services to employers." However, pensions minister Steve Webb said the presence of NEST and better quality products effectively negate the need for advice. "If we have quality standards in pl...