Scottish Widows on the spot - individual pensions

The pensions industry has undergone a lot of change and we expect this to continue over the coming years particularly at the lower end of the market. The government has decided that the best way for people to save for their retirement is through an employer sponsored scheme and so these people will be less likely to take out an individual pension on their own account. In addition the advent of RDR means advice will be harder to come by for this end of the market due to the cost of providing it. Scottish Widows' senior manager -market development Ian Naismith believes the more high ...