Pension reform 'needs to meet three challenges'

Speaking at a conference hosted by the Institute for Public Policy research (Ippr), James Purnell, minister for Pensions Reform, pointed out the core target for the white paper’s message wasn’t today’s pensioners it was the twenty and thirtysomething generations. To try and stop them becoming the ‘Live Fast, Die Poor’ generations, Purnell says it has to tackle three underlying factors of confidence, complexity and culture. Purnell suggests despite today’s pensioners having very good pensions, he claims “high profile scandals have created the impression saving generally is not safe, from...