Pensions policy should be taken out of day-to-day party politics to allow people to plan for the long-term, industry experts say.
Following repeated changes at the Department for Work and Pensions (DWP), which saw Yvette Cooper become the eighth secretary of state at the DWP since it was created in 2001, the pensions industry says change is needed in Westminister's attitude to pensions. The industry has often bemoaned the continual change of ministers with pensions responsibilities, saying it does not allow one minister to get to grips with the complex issues facing retirement saving and provision. AXA Winterthur's pensions strategy manager, Mike Morrison, says pensions policy needs to be taken out of day-to-day g...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes