government adviser has called for employers to be protected so they can promote
pensions without fear of being sued for mis-selling,
reports the Financial Times.
are deeply worried that any advice they give about pensions "could come
back to bite them in the future" with actions over mis-selling, according to former Sainsbury’s
chairman Peter Davis, who now chairs the government-backed employers’ taskforce
directors are looking to offload the liabilities of final salary and other
defined benefit schemes on to employees, he told a Labour Party Conference
companies had paid a huge price over advice that later proved to have been
wrong, and employers fear being put in the same position, Davis
Pensions secretary Alan Johnson
this week announced a £3m-a-year fund to help unions and trade associations
deliver pensions advice.
said he thought unions and employers would be wary of taking that up
"unless the rules were made clear".