Rachel Vahey

An independent financial adviser has claimed the fall of national savings ratio in the UK can principally be attributed to the dramatic fall in numbers of pensions and savings policy salesforce.

Scottish Life has called for more interaction between providers and individuals as a means of fostering the take up of pensions in the UK.

A pensions expert is warning industry members not to jump the gun by concentrating solely on A-Day in 2006, as there are other changes affect pensions advice before then.