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Willetts blasts Government for lack of solutions on pensions

The Conservatives are calling for bolder initiatives from the Government to bring back confidence in pensions, after the Pensions Ombudsman announced record complaints.

Shadow work and pensions secretary David Willetts says the surge in complaints – up to 3891 from 2946 last year – which rose reflects a crisis in confidence in government pension policy.

Willetts says: “These dramatic figures highlight the disaster in pensions. People have lost trust in their pension schemes and the Government&#39s policy of naming and shaming some of our leading financial companies has not helped.”

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