Concentrate pension advice at the over 50s, says Bee

Speaking yesterday at the IFP Forum for Success in Leicestershire, Steve Bee, head of pensions strategy at Scottish Life, told an audience of financial planners they should “look at those 12 million people who do” already save annually into a pension plan, particularly if it is a company pension scheme, and “ignore the others” - including young people - “because it is too difficult to even try” to make a difference. According to Bee, government proposals for pensions simplification are likely to mean in order to provide every UK citizen with the full basic state pension, the government w...