Greater Competition With Group Personal Pension Schemes

After reading the following article 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.

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