Tyrie writes to Chancellor over MAS role in pensions 'guidance'

In a letter to Chancellor George Osborne, Tyrie pointed out the Committee has expressed "serious concerns" about the ability of the MAS to perform its functions, and has recommended an independent review to consider whether it should exist at all as a statutory body. MAS is one of a number of 'delivery partners' that is likely to be selected by government to deliver "free, impartial" retirement guidance to all retirees, should they request it, from April next year. The Pensions Advisory Service (TPAS) is another organisation expected to deliver the guidance. Product providers will hav...