Npss can't proceed with 'dysfunctional' state pension

Speaking at the Chatham House conference ‘European Pensions 2006: Redistributing the risk - public and private approaches to retirement provision’, Christine Farnish, who finished as NAPF chief executive at the beginning of October, says the pensions industry is now at a turning point, with a “one-off chance” to introduce reforms for a good pensions system. She points out at the moment the “prime weakness is the messy and inadequate state system”, which has suffered from instability as successive governments have “messed about” with it, resulting in around 20 significant changes in the las...