“The pensions industry is very good at demanding the government legislate to give it more money, so it is welcome to hear a more measured voice in the debate,” he said.
“Before demanding more money, the pensions industry also needs to do some heavy lifting on pension taxation reform. Everyone knows this is a hugely inefficient waste of public money but it is also complex and politically challenging. The pensions industry should be taking a lead to show how it can be achieved.”
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Benjamin Mercer is a senior reporter at Pensions Expert, FTAdviser's sister publication
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