Consumer financial advice and guidance for high risk DC savers
The Pensions Policy Institute (PPI) and LV= held a round table on 8 March 2016 to launch the report “Consumer financial advice and guidance for high risk DC savers”. The report was sponsored by LV= and looks to explore the demand for and supply of financial advice, and some options for bringing these in line with each other. The research provides an overview of some of the options with the aim of stimulating discussion around these, rather than providing any quantitative analysis of the likely outcomes of each option. The solutions it looks at include greater publicity for Pension Wise, employer involvement in the provision of advice, wider use of robo-advice to reduce cost, a voucher scheme, and the use of default strategies.
Chris Curry, PPI Director, chaired the seminar, welcomed attendees and made introductions.
Melissa Echalier, PPI Senior Policy Researcher presented the findings of the research. To download the presentation please click here. To view further details on the research report, please click here.
John Perks, Managing Director of LV= Retirement Solutions responded to the research findings.
Click here to read the write-up of the roundtable including points raised during the discussion.
Keywords: LV=, financial advice, advice, guidance, DC savers