Turner's comments are 'political dynamite' - Buchanan

clock

Comments by the head of the government's pensions commission to a Sunday paper may have shaken the foundation on which the government has pinned its hopes to solving the UK pension crisis, albeit gently.

Alasdair Buchanan, a spokesman for Scottish Life says he is very surprised by Adair Turner's remarks, calling them ‘political dynamite.’ Buchanan says: “Turner has been very sure-footed up until now and so it is really odd that he's gone so wildly off track with this.” Steve Bee, head of pensions strategy at Scottish Life, says that even though Blunkett has reportedly scrapped Turner’s idea, ‘it’s bound to worry people.’ On his Beehive website , Bee says: “My worry is that things will all get a bit on the strange side as the debate progresses and that we’ll end up with some kind ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read
Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read