Webb: Employers should not seek 'expensive' pension advice

During an evidence session with the Work and Pensions Committee on auto-enrolment, Webb said he would rather see small employers use "generic guidance" from the Pensions Regulator (TPR). "There will be a distinction between large and small employers. Large firms will be able to pay employee benefit consultants," Webb said. "We do not want small firms to pay for advice if it is not necessary. "We do not want the majority of firms to have to seek expensive advice, and we do not want to see them agonising over two similar products." On individual pension advice, Webb added that IFA...