'We failed to make them work for ordinary savers'

One of Margaret Thatcher's schemes for spreading wealth to the masses was marred by mis-selling scandals.

Personal pensions were launched 25 years ago and were supposed to herald a brave new era of prosperous retirement for all. But Margaret Thatcher's dream has been marred by high charges, poor investment returns and mis-selling scandals. A quarter of a century later, nearly 6 million individuals continue to make regular contributions into these contracts, which are now worth £21bn. But much has changed in the intervening period.....Read more here

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