People do not understand pension terms and rules

Alongside these, pension providers must also give risk warnings on a single side of A4 paper.

The government considers that providing people with the right information about their pensions at the right time in their life can be key in helping them make more effective decisions about their savings, Guy Opperman, minister for Pensions and Financial Inclusion, has previously said, adding that "it is sensible to tailor communications to people’s circumstances". 

Mr Opperman added: "There will be some differences in the information someone in work would find more helpful than someone aged 75 or over who is already retired.”

What do you think about the issues raised by this story? Email us on to let us know