Bosses want stronger guidelines on giving pension advice

Giving evidence to the Work and Pensions Select Committee, EEF head of employment policy Tim Thomas said employers were naturally cautious on providing information on pensions to avoid providing advice, which could leave them financially liable.  He said: "That caution may manifest itself in employers giving less advice than is safe to give." The guidelines, which he referred to as a ‘safe harbour' arrangement, would provide clear rules on which "side of the line to operate on", Thomas said. Safe harbour arrangements are in place in US law which decrees that employers cannot be sue...