Pension Regulation Changes May Deter Savers

Published: 6/21/2010

The investment management team at Legal and General is currently looking at the future of pension schemes, concerned by the many different rules and regulations that are being placed on them.

Since 2001 there have been over 400 different pension regulations said a Legal and General spokesman, and there is concern that they are making it more difficult to attract people into company pension schemes because of all the red tape that now seems to surround them.

What a Legal and General pension customer wants is to understand the basics of how it works and have a pretty good idea of the final return when it comes to retirement. The many different regulations are moving further away from this basic concept and are making things much harder to explain in laymans terms.