ABI strategies aim to reduce pensions gap

The ABI has outlined five strategies that could help close the £27bn savings gap. Mary Francis, director general of the ABI, suggested reducing rules on selling simpler products as well as ensuring that employers encourage employee saving. The savings gap between the amount actually saved and what is necessary to provide a sufficient income in retirement was found to be most significant among lower and middle income families by Oliver, Wyman & Company, undertaking independent economic analysis for the ABI. Francis said the Sandler review and product providers could work together to...