The head of pension provider Partnership, has accused the Treasury of confusing customers, advisers and investors with its pension reforms.
Steve Groves, Partnership’s CEO, said the government’s lack of clarity had left the industry scrambling to decipher the details.
Shares in the group, which floated only last year, hit an all-time low yesterday and have lost nearly three-quarters of their value since the reforms were announced in March.
Pensions minister Steve Webb says he wants people to be given the right to can-in poor annuities sold to them before the changes.
Financial Times, 17
Daily Telegraph, 10
Times, 47
The head of pension provider Partnership, has accused the Treasury of confusing customers, advisers and investors with its pension reforms.
Steve Groves, Partnership’s CEO, said the government’s lack of clarity had left the industry scrambling to decipher the details.
Shares in the group, which floated only last year, hit an all-time low yesterday and have lost nearly three-quarters of their value since the reforms were announced in March.
Pensions minister Steve Webb says he wants people to be given the right to can-in poor annuities sold to them before the changes.
Financial Times, 17
Daily Telegraph, 10
Times, 47
