Conservative's magic bullet for pensions savings

Shadow Work and Pensions Secretary David Willetts says reams of red tape are ‘strangling’ the pensions industry, pledging to call in a team of experts to help cut it back. The Conservatives aim to increase pensions provision among firms through clearer understanding by company heads, and at the same time eradicate the need for lawyers to have to be called in to explain industry rules and regulations. At a press conference today, Willetts said: “We are inviting key representatives of the pension industry to take the lead in delivering a massive reduction in the volume of these regulation...