Industry split on scale argument

The discussion arose at the launch of Scottish Widows' UK Pension Report when the panel was asked how small businesses will pay for advice following the abolition of consultancy charging. TUC assistant general secretary Kay Carberry said offering fewer products underpinned by quality guarantees in a trust-based model would reduce the need for employers to seek advice and lead to better member outcomes. Shadow pensions minister Gregg McClymont agreed. He said: "This is not like going into a supermarket to choose a tin of beans. There is a difference between providers offering services ...