Member

On the points made about different types of savers, of course different types of savers will have different profiles and different needs when it comes to retirement. That is an issue that pension providers must consider carefully already, given the different characteristics of savers in their schemes. Our reforms are intended to benefit all types of savers, whether through better governed schemes or through improved investment outcomes. Of course, different savers will have different requirements. Arguably, it is younger savers who stand to benefit the most from some of these long-term forms of investment, because they are saving for the long term and, whatever the size of the pot, the benefits can add up over a lifetime of saving.