Pension investments should be 'restricted to avoid more scandals'

The pensions trustee and administrator has said that the regulator needs to find a way to protect pension savers from investing in questionable products which could wipe out their savings. The firm has suggested a list of investment products that savers can invest in should be drawn up - a "permitted investments list" - which should be authorised by The Pensions Regulator. London & Colonial product development manager Adam Wrench (pictured) said: "Instead of saying what you can't invest in, the emphasis needs to change to what you can invest in. We propose to draw up a list of investm...