Too much stick and not enough carrot in pension regulation

Advisers and providers trying to promote pensions have to struggle against reams of incomprehensible legislation, rival investments such as property and the short-term attitude of consumers who have less money to save than earlier generations

How well governed are pensions schemes? Is anything lacking, what needs improving, and what are the risks to customers under the current regime? Governance of pensions schemes, especially with regard to how customers are treated, is now a key issue for the industry. Strictly speaking, there are few or no risks to customers in the current regulatory regime - the risks are inherent in the products rather than in any single aspect of the regime. But regulation is driving people away from pensions because the sale of these is now so regulated. This is exacerbated because consumers do not gene...