B&CE suggests ways to tackle long-term savings confidence

Commenting following the Treasury Select Committee report on Restoring confidence in long-term savings, BC&E has outlined a number of solutions designed to encourage saving. Solutions focus on simplicity, tax, flexibility, workplace marketing and pensions credit. Simpler savings products would encourage more people to save, argues BC&E with decision trees and key features documents often putting people off. Easier to understand tax breaks on pensions, such as 30% for everyone would also encourage saving. Some controlled access to pension pots in ill health or long-term unemployment si...