Will clients understand inflation-adjusted pension figures?

There has been much commentary over recent times as to the effect the government‘s policy on quantitative easing has had on the levels of retirement income available to consumers from their hard-earned pension savings. One of the main issues we are keeping our eye on is the upcoming implementation of inflation-adjusted personal pension key features illustrations (KFIs) which was confirmed in the FSA’s PS13/2 (www.fsa.gov.uk/static/pubs/policy/ps13-02.pdf) back in March. Inflation-adjusted personal pension KFIs will become mandatory on 6th April 2014 although the above policy statement ind...