Shoring up the defences: protecting savers' retirement pots

Will the changes to pension rules next April be the start of a more prosperous era for the nation's retirees? Certainly the reforms shift even more responsibility onto pension savers who are already reeling under the load. State provision is now so modest that individuals who want anything but the most basic living standard in retirement must save more for longer. The switch from defined benefits (DB) to defined contribution (DC) schemes has also transferred longevity and investment risks from employer to individuals. Arguably, the switch to DC has accelerated another trend, from thin...