Pension 'levelling down' concerns Scottish Life

Pension advisers and providers will have a defined role under UK pension reform, a move welcomed by ...

Pension advisers and providers will have a defined role under UK pension reform, a move welcomed by Alasdair Buchanan, head of communications at Scottish Life. Reacting to a speech by John Hutton, Secretary of State for Work and Pension, Buchanan says a key issue is the distinction between the adviser markets, and the basic pension model to be supplied by the Government. “The Government has clearly indicated there is to be a restriction in the number of investment funds made available through personal accounts,” he said. “Typically investors do not respond well to a wide range of choi...