IMA supports 'workable' NPSS

As the Association of British Insurers (ABI) submit their “Partnership Pensions” proposals, and the National Association of Pension Funds (NAPF) reveal their idea for a set of “Super Trusts”, the IMA have released details on how to make the NPSS workable. Responding to a challenge issued by Stephen Timms, the Minister for Pensions Reform, in December, the IMA argues the centrally managed model proposed by the Pensions Commission will stand the greatest chance of success. In its proposals, the IMA suggests the cost of an NPSS, including the collection of payments, is likely to be no more...