Consumer confusion creates need for fewer products - Pickering part 2

Pickering says that consumers are being confused by the bewildering choice of money purchase products, marketing wrappers and occupation pension arrangements, and that this means the range of products on offer needs to be simplified. Instead, the market should be limited to three generic products only: occupational defined benefit pensions, employer-sponsored money-purchase arrangements, and individual pensions arrangements. A big issue will be how the Inland Revenue reacts to this proposal, but Pickering says that is not in his hands and the outcome will not be known until th...