Paul Speight: What next for long-term savings?

The traditional savings journey towards retirement has been largely torn up. The world of defined benefit pension schemes that provided a regular retirement income has gone. This income was usually supplemented by personal savings that was typically deposit-based or, if market exposure was wanted, it came through an investment bond. Then came the advent of ‘platforms', giving easy access to a wide range of investment funds. This was at a time when a relaxation of pension savings limits under the new simplification rules meant that, for most, their long-term savings strategy could be larg...