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Hutton emphasises important role of advisers

John Hutton has called for IFAs to contribute to the consultation and discussion on pension reform post-Turner, emphasising the important role played by advisers.
Speaking at an Institute for Public Policy Research and Scottish Widows event at University College London the Work and Pensions Secretary said the Government is seeking the opinions of all stakeholders in the pensions debate and would welcome feedback from the adviser community on the potential affect of Lord Turner’s proposals.
He said the publication of the report next Wednesday will mark the beginning of a debate that will lead to the publication of Government proposals next Spring.
Hutton told the industry audience any plan to reform the pensions system must pass five key tests. He said the Government will ask if the proposed policies promote personal responsibility and if they are fair, affordable, simple and sustainable.
He said the Government will approach the report with an open mind and reiterated the fact that nothing has been ruled out.
He refused to be drawn on reports suggesting Chancellor Gordon Brown is attempting to undermine Turner’s proposals.
Hutton said: My view is IFAs play an important role in the debate to make sure solutions are genuine. We welcome the contribution of IFAs and others in the pensions debate.

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