Plans to introduce "realistic" growth rates, will show that investors retirement savings are growing at far slower rate.

Investors will see their future retirement fund reduced by thousands of pounds when they open their annual pension statement in 2014. Regardless of how much money they invest next year, or how the stock market performs, most will see the size of their projected retirement pot fall thanks to the way future returns are calculated. The Financial Services Authority has confirmed that it will reduce the standard projection rates used to indicate investment returns and the impact of charges on these savings plans. Currently a pension statement will show the current value of your fund, and what it will be worth at your retirement date if it grows by 5pc, 7pc and 9pc a year.....Read more here: New FSA rules to wipe thousands of pounds off people's pensions - Telegraph