A favoured phrase among politicians, both across the pond and here in Blighty, the old adage ‘if it ain't broke, don't fix it' has become all too good an excuse for total inertia.
There are of course many instances when this is only too true, but I would argue that certainly in the corporate pensions arena this maxim is in danger of being over-used. There are some fundamental areas of pensions reform that I'm sure we all agree are broken and therefore do need fixing. You'll be pleased to hear I am only going to attempt get one of these off my chest and that's the issue of up-front commissions. In the interests of you reading on, let me just say I know this is a thorny, emotive issue but I think worthy of more debate. It won't come as the biggest surprise to hear ...
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