Early pension access debate splits providers

Vahey says the point of a pension is to ensure individuals receive a decent income in retirement, adding one the industry's key problems is a widespread misunderstanding of what saving means. The Pensions Policy Institute (PPI) yesterday re-opened the debate surrounding early access to pension funds, arguing it would both increase their popularity and boost the amount people save. "Allowing people to take their money out early certainly might make pensions more attractive," Vahey says. "But that's one of the problems: pensions are seen as things which just tie people's money up. "On t...