This memorandum to the Work and Pensions Select Committee for a one-off evidence session on Personal Accounts focuses principally on developments since the Committee’s last report on Personal Accounts and reiterates the importance of generic financial advice in supporting the new scheme.

This briefing sets out the Foundation’s evidence to the Work and Pensions Select Committee’s inquiry into pension reform. The Foundation has not commented on the merits of the Pensions Commission’s proposals. However, we believe that the reform process offers an opportunity to address the potential advice needs of people on medium to low incomes, particularly … Continued