Conservatives unveil key principles for pension reform

In a paper - Providing for Pensions: Principles and Practice for Success, published by Politeia today - May explained the collapse of the UK pensions system was focusing attention on the totally inadequate levels of saving in Britain's ageing society. She says the roots of the decline of the occupational pensions system stemmed back to Gordon Brown's removal of the tax payment on dividend payments, announced in the 1997 budget - but admitted this was justified by a Tory decision to restrict the accumulation of assets in pension funds in the 1980s, which she said was "regrettable". May...