Pension crisis 'began 40 years ago'

The report by the think tank shows the number of men enrolled in the schemes halved between 1967 and 2006 from 9.9m members. The number of female members rose from 2.3m to 5.5m but total membership dropped from 12.2m to 9.5m. Nicholas Hillman, the report’s author, says over-regulation, rising longevity and extra costs have conspired to produce the perfect storm in pensions. He says: “Quelling the storm will need three changes. First, we need braver deregulation for private occupational pensions, as well as lower costs for public sector schemes. "Secondly, instead of spending four years...