UK pensions shake-up proposes traffic-light scheme

Green' pensions would indicate value for money, with the plan requiring employers to help 16m workers with pensions get best deals

Workplace pension schemes could be rated with a traffic-light system under plans designed to help savers get the most out of their retirement savings.

About 16 million workers save for their retirement through defined contribution pension schemes where the income they ultimately receive depends on a range of factors, including the performance of the funds they are invested in and the charges.