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  Define fair..... In this case, truthful. Avoid the point, hardly, speak for yourself as you are always doing it.
  
  Most advisers that I know tend to default to the cheap stakeholders rather than take on the more expensive advice led products. That is the easy regulatory route that covers them with minimal commercial risk. Commission based adviser do not cover their costs when selling these, they are loss leaders. There is a problem with those advisers, a minority, who put people into the more expensive products without using the more sophisticated investment propositions they provide and without providing the ongoing advice service to handle it. The changes to regulations coming into force at the end of the years based on the FSA Retail Distribution Review will help sort this situation out.
  
  Of course though the big problem with pensions is not the charges, it is a whole generation of people growing up without any retirement provision. The new NEST rules are better than nothing but that scheme really is cheap and nasty, build to cost not quality to meet a 'forced purchase' rather than selective purchase.

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