Aegon calls on parties to tackle 'pension crunch'

The insurer says the current pensions framework is unsustainable and is pushing for a comprehensive re-think of the system to encourage more people to save. In its manifesto The Pensions Crunch: proposals for change it says the next Government must ensure measures taken to plug the short-term hole in public finances do not come at the expense of neglecting the longevity challenge. The UK's long term economic growth, it says, is threatened by a "pensions crunch" which has to be tackled now to prevent serious problems for future generations. In order to create a sustainable savings c...