Pension freedom poses major mis-selling risk, warns NEST
Advice and guidance is not enough
A major mis-selling scandal is likely to hit millions of retirees unless default decumulation options are set up, the National Employment Savings Trust (NEST) has warned.
The government-backed auto-enrolment pension scheme said strong default options should be set up to complement a thriving and competitive advice market. It made the comments in its response to the Work...
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