Wisely, the URSG will not contain any members of the pensions industry. It is the failure of this industry to provide viable, transparent, or good-value products that has necessitated the establishment of this group.
Under any new regime we should have the option of a simple retirement savings scheme which is not under the control of the existing pensions industry. This would operate as an alternative to the risky, high cost, opaque, endowment type products that have so failed consumers, and to provide competition to force the industry to provide better value.
Peter Wise
Posted on 15 Jun 2015 3:21 pm
Wisely, the URSG will not contain any members of the pensions industry. It is the failure of this industry to provide viable, transparent, or good-value products that has necessitated the establishment of this group.
Under any new regime we should have the option of a simple retirement savings scheme which is not under the control of the existing pensions industry. This would operate as an alternative to the risky, high cost, opaque, endowment type products that have so failed consumers, and to provide competition to force the industry to provide better value.