DWP proposals "lack saving incentives"

In its consultation paper entitled Simplicity, security, and choice: informed choices for working and saving, Andrew Smith, Secretary of State for Work and Pensions, says the government is now looking at both increasing and improving the flood of ‘pension’ information to consumers. But while better information might help clear the fog around retirement planning, Rachel Vahey, pensions development director at Scottish Equitable , questions if this would actually encourage people to start saving more. "The proposals are a positive step forward. On the other hand, will providing people...