Independent body needed for generic advice - PPI

In its response to the Thoresen Review, the PPI says there are lessons to be learnt from a similar experience in New Zealand. According to Niki Cleal, PPI director, “New Zealand appears to have a very successful approach to providing financial education and generic advice, through the Independent Retirement Commission. “Although it is not possible to say definitely that an identical approach would work in the UK because there are different cultures, regulatory systems and savings products, our research has identified some lessons for UK policy.” The key lesson, according to PPI, is guida...