Pensions in the 21st Century: Why we must change the regulatory regime

Culture change cannot be encouraged unless and until the pensions industry is significantly deregulated. The regulatory regime imposed after the mis-selling scandal is too restrictive. It discourages companies from marketing pensions and potential investors from buying them. A new regulatory code, designed to encourage appropriate investment, should be brought in to replace the present on at the earliest opportunity.

Rt Hon John MacGregor MP - Saturday, 26th October, 1996