CM wants pensions simplicity

The pension provider cited its own research as evidence of the need for a simple system. It found one in four people had no pension saving at all, while one in three said they do not have enough information or understanding of pensions and savings to make a decision. Only 56pc of people have sought some sort of advice on saving for retirement. Paul Shelley, Clerical Medical head of pensions, said: “It is important to get the environment for personal accounts ‘right’. "Simplicity will be crucial to achieving low cost in any system of personal accounts. There can be no bells and whi...