Personal Pension  

Webb urges ‘consider IFA voucher to cut Pension Wise cost’

“The IFA system is already in place and regulated. IFAs are best placed to give pension advice, let alone the money that could be saved based on an average adviser appointment cost of £150.”

In November this year, Mr Webb admitted that Pension Wise was a mistake. Later in December, he added that he believed the government would change course on Pension Wise.

The government said yesterday it expects marketing costs for Pension Wise to decrease over time, which will in turn decrease the appointment cost.

ruth.gillbe@ft.com