The pensions industry must give ground to what savers trust, pensions minister Torsten Bell says.
Speaking this morning (15 October) at the Pensions UK Annual Conference in Liverpool, Bell said: "If we want people to trust the system, we need to give ground to what they're trusting." "We have to actually deliver pensions, people shouldn't need to make difficult decisions," he added. Bell also said: "There is a clear political consensus that things need to change," but noted tax speculation is "unhelpful" for savers, and people working in the pensions industry need to "be careful" with speculation. He added the sector must judge the current government on "what we've done" rather...
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