Word on the Street: Pensions advice crucial say MPs

The DWP Select Committee will recommend to the Government that face to face pension advice is crucial...

The DWP Select Committee will recommend to the Government that face to face pension advice is crucial for lower earners in a report to be released tomorrow, Investment Week understands. The report forms the basis of the committee’s recommendations on pensions reform. The committee of MPs has agreed with a number of actions taken by the Government, such as proposals for personal accounts as part of the National Pensions Savings Scheme (NPSS). However, it sees a need for advice to be factored into any reform. It also expresses surprise that chairman of the Pensions Commission Adair Turner di...