Govt should stump up cash for guidance guarantee's first year - MGM Advantage

The annuity provider made the suggestion in its response to the Financial Conduct Authority (FCA) consultation on the issue, which closes today. It argued that appropriate industry levies cannot be set until the 2016/17 tax year and so the government should fund the first year of its operation. It said the first year of operation should be used to assess levels of take up and "relevant benefit to different sectors". The firm also backed the concept of a single page pensions passport which it said would help the guidance provider all the information it needs to help consumers find the ...