After the Maxwell misappropriation of pension funds, there is still no fast statutory regulation to prevent similar occurrences.
The record of selling inappropriate pensions is appalling; years later only a tiny fraction of the victims have been recompensed.
The cost of marketing private pensions has to be paid by the recipients; 25 per cent of premiums in America go in the marketing and administration.
COLIN D JACKSON
Great Bookham, SurreyReuse content