IMA: Pensions crisis will make credit crunch 'look like a tea party'

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The asset management industry must regain consumers' trust and boost pension saving or risk a financial crisis even worse than the 2008 crash, the Investment Management Association (IMA) says.

In a speech at Mansion House last night, IMA chairman Douglas Ferrans said: "The first step is to reconnect with those investors and understand what they need and how best to serve those needs. The...

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