Pension u-turns to blame for lack of saving

Almost a year after pensions simplification first came into effect on 6 April 2006, Edward Jones says the changes have made “virtually no difference” to how people save for their future. Andrew James, retirement planning manager at Edward Jones, says the tiny minority who have taken advantage of the changes have been the extremely wealthy, mainly because for the general public pension legislation still remains a complex area. He says the “hype” around A-Day has "gone straight over the heads of the very people it was supposed to help", and instead it is those among the top 5% of earners ...