The ISA-ing on the cake

Traditionally, pensions are seen as the foundation for a retirement income with ISAs used for medium-term savings and topping up pensions. However, as many people shy away from the prospect of saving into a pension there could be a growing role for ISAs in helping people to accumulate retirement savings. One obvious point in favour of the use of ISAs is that with most people not saving enough for retirement, using an ISA is a good thing in itself. St James's Place divisional director, pensions, Ian Price commented: "I am a great believer that as long as people are saving somewhere for ret...