Debate rages on as Turner steps aside.(Scott Dolfi, chief executive of GE Life)

Financial Adviser, April, 2006

Lord Turner's 45-page final report has been broadly welcomed by the industry, but some fundamental details remain contentious.

However, the providers are claiming that the source of the criticisms over Adair Turner's proposals is not from them, rather from the concerns of consumers discovered in recent research findings.

Scott Dolfi, chief executive of GE Life, said that while consumers did not trust the government they still expected the state to take responsibility for retirement provision.

He said that research done by GE had found that only 15 per cent of those approaching retirement trust the government.

In comparison, he said: "We have found that those who have taken professional financial advice feel much more confident about...

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