Hoban backs MAS led 'Retirement Savers Service' for guidance guarantee

Speaking at an event hosted by think-tank Reform the former financial secretary to the Treasury said The Pensions Advisory Service (TPAS) could still play a role but would not be able to provide the public with guidance on all the areas needed. "TPAS has a deep knowledge of a narrow area and they should be involved so we can tap into that level of knowledge," he said. "However, it is not all about pensions. People will be coming retirement with a number of different pots of money." Hoban outlined his view of MAS setting up a Retirement Savers' Service (RSS) which would help people eng...