Only one small step for pensions - Cracknell

The white paper’s proposal to simplify state pensions is most welcome and auto-enrolment may help increase retirement saving. But one major reason why retirement under saving has arisen is the lack of understanding about the cost of providing a reasonable pension at retirement. Indeed, if savers truly start to redirect capital and income into pensions saving to the level required, the affect on a consumer driven economy such as ours would be significant. It comes as no surprise that the white paper proposes the introduction of a low-cost savings scheme with auto-enrolment for employe...