Martin Lewis: scrap the word 'pensions'

Speaking at the National Association of Pension Funds conference, Lewis said: "Pensions is a tarnished brand and we have to question whether we should us it anymore. Should the pensions industry exist? "One of the great things about the financial crisis is people are more debt-averse and think about long-term savings, but they do not save because rates are so low and they do not trust the pensions industry. "No matter how you try and sell pensions, you are onto a loser because it leaves a bad taste in many people's mouths," he added. Lewis also emphasised the need for financial edu...