Work and Pensions Secretary John Hutton has endorsed Adair Turner’s vision for a 0.3 per cent charge on the nat- ional pension savings scheme and the removal of advice.Speaking at the Work Foundation pensions conference, Hutton claimed that the 0.3 per cent figure was a realistic and sustainable target as it rules out “high-cost” advice. He said that the reason why stakeholder had not been successful enough in appealing to lower-paid people was because advice was factored into the charges. Over the life of the product, this could reduce the total pension pot by a third, he said. He said: “I think that the 0.3 per cent charges are realistic and reasonable aspirations. Turner has produced compelling evidence that charge costs can be reduced to this level by removing the need for high-cost advice.” Hutton set out February 28 as the date for Government, opposition parties and the industry to come together to look at the alternatives to a Government-administered scheme that delivers a simple, portable and flexible product at these low charges. He warned that the Government would have to factor in the NPSS’s effects on defined-benefit schemes and other defined-contribution schemes when drawing up proposals. Hutton gave his clearest indication yet that the Government would raise the retirement age and also spelled out a timetable of speeches and events in March to tackle issues such as affordability and challenges to employers before National Pensions Day on March 18.