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Pension reform a continuing process, says Brown

Future pension policy is not a question of reform versus status quo but rather a case of continuing progression, Gordon Brown told the Institute of Directors.
He said the Turner Commission will usher in an important debate about the future of pensions and reforms can only be implemented on the basis of a commitment to long-term stability.
He also told the IoD the forthcoming pre-budget report will show how the Government’s new model of regulation can apply to processes and procedures in industries including financial services.
Brown said: The issue is not reform versus the status quo; there must be continuing reform. The issue is how we achieve the right reforms, reforms which are sustainable, fair and affordable.

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