The expense of signposting members to the guidance guarantee could be over £100,000 a year for the largest schemes, the National Association of Pension Funds (NAPF) has warned.
In its response to the Financial Conduct Authority's (FCA) consultation on the Budget freedoms - which closed today - the NAPF said this cost would ultimately be borne by members. Head of policy...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
