Enough already: Why we must take politics out of pensions

Apart from the Downing Street photocall where the Chancellor holds the red Budget box triumphantly aloft, few Budget day traditions seem more ingrained than the annual raid on Britain's pensions industry. Successive Chancellors have viewed pensions as part wobbly tooth, part cash register. Year after year they've been unable to resist fiddling with them, or helping themselves to wads of cash by whittling away the tax relief on offer. Arguably the biggest problem affecting the pensions industry over the years has been the constant tinkering of politicians. The moment a new governmen...