Current advice 'wouldn't cope' with Npss

In his speech at the Association of British Insurers (ABI) conference ‘Thinking for Tomorrow’, Thoresen, chief executive of Aegon UK, warned poor capability and poor decision making or inaction by consumers is storing up problems for the future. He says consumers are not equipped to make complex financial decisions and as a result individuals are failing to make their money work; the industry is failing to retain a large section of customers and the country as a whole is storing up problems for the future. Thoresen is currently leading a review into the design of a national system of ge...