People looking to access retirement savings using pension freedom should be given access to a free financial advice session funded through a voucher system, Steve Webb has said.
Royal London's head of policy, and former pensions minister, said the system should be a joint initiative between the government and providers to ensure people receive proper regulated financial advice before making important decisions. Speaking at the work and pensions committee this morning, he said advice was "valuable" and generally well received by clients. "But we have to get people through the door," he added. "I would like to see advice vouchers." Webb explained workers would be handed an advice voucher, have their first consultation for free and then decide if they want to ta...
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