Wider choice comes at a price

pensions

In years to come there should be a larger range of pensions products and providers but the greater choice and flexibility may drive up costs

As with all savings and investments planning, returns are key. This will also be the case in 20 years, but there will be different investment options. And these will cost because flexibility comes at a price. First cars 20 years ago were usually small and fairly basic. They probably did not have air conditioning, a radio, central locking or a heated rear window. Twenty years on, small cars have all of these features. Why have they improved so much? In short, because of consumer demand, competition in the market place and technology. Will pensions and pension providers be any different to...