Editorial: what the SMPI misses

more knowledge about one’s precarious state of long-term savings might actually encourage some additional savings. This result is based on consumer reaction to three main messages derived from the illustrations tested, the FSA says: pension income is not guaranteed; pensions are affected by inflation; and retirement planning is encouraged. However, the FSA has missed a crucial point that should come before any mention of income, inflation or retirement planning. Before consumers or providers can actually start to forecast income, or the effects of inflation, or what annuity ra...