Smith addressed the NAPF Conference 2015
A majority of advisers have backed the recent comments made by Prince Charles, condoning the short-term outlook of the pensions industry.
The Prince of Wales has called on the pensions industry to ditch its "short-term outlook" or risk condemning the country to a "miserable future".
New standards of advice are needed to help scheme members navigate the increasingly complicated retirement income market.
Pension providers who auto-enrol workers into "dodgy old" schemes will be named and shamed by the pensions minister.
MoneySavingExpert founder Martin Lewis has called for the industry to scrap the word 'pensions', claiming its brand is tainted.
The new chair of the National Association of Pension Funds (NAPF) has called for a new breed of pensions called super trusts.
Lord Hutton has said the Labour administration's pension reform package did not go far enough and may have "made matters worse".
Baby boomers have done "disproportionately well" from the last 40 years, but it is the under 45s who will bear the burden as they retire, the shadow universities and skills secretary will say next week.