UK pensions crisis 'to get worse'

The panel attributes its concern on the future of pensions to a number of factors including: the decline in occupational pensions which pay up to two-thirds final salary; the baby boomer generation cashing in on their housing equity to pay off debts and younger generations, saddled with student debts, struggling to get on the property ladder. The panel calls for the industry to simplify language to open the financial and investment market to more consumers. It also wants IFAs to shorten product recommendation documents for clients. More accessible financial education, particularly for low...