Regaining confidence in pensions

If the public is to regain confidence in pensions, advisers need to take an active role in selecting the underlying portfolio and providing personalised advice

Over many years the pensions industry has managed to shoot itself in the foot with a variety of issues including greed, incompetence, government interference and overtaxation. The catalogue of disgraceful episodes has been a major factor in the lack of interest in savings and resulted in disillusionment from the public at large. The uncertainty, fear and mistrust that has been generated will take many years to overcome - it may at best only be dulled. To begin to regain the hearts and minds of the public, the pensions investment industry must be seen to be making every effort to offer an ex...