During a recent conference of so-called top financial experts, the need for the public to save and save hard was discussed. They felt that the finance industry should try and do more to help those people who are under saving.
In just a few years, there will be 50 per cent more pensioners than there are today and we are underestimating the cost of retirement.
Our view
You can lead a horse to water and the only way to get it to drink is to force it. Expect more compulsory pension payments in laws to come such as the proposed National Pensions Savings Scheme.