Torsten Bell warns pensions industry to 'face up' to its problems

Speaking yesterday (15 October) at the Pensions UK Annual Conference in Manchester, Bell said too often "companies focus on cost" rather than on member outcomes, stating the industry should "face up to its problems". He added that while "we all find change difficult", it is what members need. He added the Pensions Commission is a "very big deal" and urged the industry to "keep engaging" with the commissioners because "many challenges remain" among the industry and savers need to be granted good outcomes. Bell said while the last government made "significant progress", too often "confusio...