Generic advice will not be safe for Npss

A straw poll carried out on the Beehive website by Steve Bee, head of pensions strategy at Scottish Life, asked advisers - “Do you think pensions can be safely distributed in the workplace with generic advice only?” The results of the poll show 8.9% of respondents believe personal accounts can be distributed just with generic advice, although 91.1% of advisers believe workers will need more than the government’s proposed system of ‘tailored, generic information’. One adviser which responded to the poll added: “Unless people can be sure that some pension provision will make them better-of...