Confusing pension system could slow recovery

In an interview with IFAonline's sister title, Professional Pensions, Confederation for British Industry head of pensions Neil Carberry pointed to the state of pensions as a "significant barrier" for foreign companies considering investing in the UK. Carberry says government needed to understand the extent of the problem faced by businesses managing defined benefit scheme costs. "We need policymakers to understand that DB costs are an issue whether or not the scheme itself remains open. The state of pensions in the UK at the moment represents a significant barrier to foreign investmen...