ISA vehicle mooted as answer to pensions gap

According to Laverick, the industry needs to be more forthcoming with its proposals to plug the pensions gap in the absence of radical reform by the Government. As such, he has pitched his own suggestion in a bid to get the ball rolling, commenting: "The driver is that no-one is stepping up to create a solution. This is just one idea that I'm putting out there. The industry and the Government need to put ideas on the table." Laverick proposed the introduction of a pension savings vehicle constructed like an ISA. He explained: "The Government could impose a maximum annual contribution of...