Pension freedoms pose major mis-selling risk, warns NEST

Advice and guidance is not enough

Jenna Towler
clock • 2 min read

A major mis-selling scandal is likely to hit millions of retirees unless default decumulation options are set up, the National Employment Savings Trust (NEST) has warned.

The government-backed auto-enrolment pension scheme said strong default options should be set up to complement a thriving and competitive advice market. It made the comments in its response to t...

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