More than four-fifths of pension fund managers have called for an independent pensions commission to recommend changes to pension legislation and provide long-term continuity over pensions policy.
An exclusive survey by IFAonline's sister publication, Professional Pensions, showed 83% of scheme managers said there was a need for an independent commission. Only 13% believed such a commission was not necessary and 4% did not know.
One manager says: "Pensions are far too important to be a party political issue. We need a consensus and a permanent commission could be a way of achieving that."
Another added: "We certainly need something, and the lack of any real interest, understanding or continuity in pensions by government is extremely worrying.
"The problem is that, if an independent commission is just another quango packed out with the government's chums, we would be no further forward and Parliament would potentially be even less able to scrutinise proposals and influence events."
However, another added: "No, I do not think we need a separate pensions commission, we simply need government to leave key people in post for long enough to listen to and understand key industry bodies and implement appropriate long-term reforms."
This follows another reshuffle at the DWP following the resignation of work and pensions secretary James Purnell.
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