Pensions have become one of the most regulated areas of life. Over the last 10 years they have become much more heavily regulated, and at the same time many more people have lost out. It is true that heavy regulation of funds began under the last government post Maxwell, but it has got far worse since 1997. Some have been told their funds cannot pay the pensions they had been promised. Some have been told their funds are closing down so they cannot contribute in future. Many new employees have been told the pension fund enjoyed by older memebrs of staff is not open to them.

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