The Conservative party is targeting simplification and increased pension scheme provision for workers as key areas within its pension manifesto.
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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
