NAPF: Employers and trustees 'too scared' to help retirees

According to an NAPF report published today, a "string of barriers" prevent employers and trustees from appointing employee benefit consultants for retirees. The report said employers offering defined contribution (DC) schemes are "too scared to go beyond the legal minimum" in assisting their staff in case their support strays into regulated advice or if members are dissatisfied with their retirement outcome later. However, the NAPF said this fear is "often based on misconception", and that the risk of legal comeback to trustees of providing the bare minimum of at-retirement support i...