How have pensions evolved over the last 20 years?

When I first started at AXA Wealth (though back then it was Provident Life, then Winterthur, before becoming part of AXA Wealth) in 1990, there were two major pension issues. The first was a real techie one that many people will probably have forgotten – the Barber case (Barber v Guardian Royal Exchange Assurance Group ECJ 1990). The case determined that pensions were, in effect, ‘pay’ and that therefore were subject to the legislation on equal treatment for the sexes. This was important as it made us realise that pension schemes were likely to be subject to a lot of the anti-discriminat...