Government may need to reform state pension - Datamonitor

New research from Datamonitor reveals the failing efforts of the government to boost pension savings have seen have seen a compound annual decline in stakeholder pensions of 5.8% since 2002, while sales of group and personal pensions have only grown to £2.7bn from £2.3bn, between 2002 and 2004. Analyst and author of the research at Datamonitor Annabel Gorringe adds take-up was only initially because customers switched from other products to stakeholder. Gorringe suggests the government shifts its attention away from reforming the private sector and instead take greater responsibility ...