Easy to say. Every government of every complexion gives it a go. Stakeholder pensions, low charges, simple and cheap as chips. Auto-enrolment pensions, simple and cheap as chips. In fact, that’s how the ancestors of personal pensions were born in the 1970s. Problem is, every time you change things, you have to work out what to do with everyone who’s in the previous version of a simplified pension which isn’t as simple as your new one. So you make a few exceptions, the rules get complicated again, they need simplifying…
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
