Miles Templement, director general of the Institute of Directors (IoD) has put the pensions crisis at the top of the organisation's priority list this year.
In a New Year's message to 55,000 IoD members, Templeman has urged employers, employees and the government to work together to tackle the problem. Templeman says the IoD is keen to take a leading role in finding a solution to the pension crisis through consultation and dialogue. He says a starting point for any reform in pensions policy is simplification, citing a hideously complicated current system in need of transparency, which should be understood by everyone. Templeman also stresses a ‘savings renaissance’ in the UK, with the ultimate future of pensions up to individuals, adding...
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