Greater Competition With Group Personal Pension Schemes

After reading the following article http://www.moneymarketing.co.uk/pensions/nest-rival-hits-out-at-schemes-... I would like to ask the question what is the point of the British Government spending so much on a new institution when the market can comply with their regulations? People’s Pensions could do the same job as NEST without the short and medium term cost to the British taxpayer. People’s Pensions could also more effectively compete against other group personal pension schemes and use market forces to reduce pension charges.

This information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.

Topics: