Michael Murray: Financial education is the missing piece in the pension jigsaw

Not too often does a British chancellor of the exchequer copy an initiative taken by an Irish finance minister on fiscal policy. But it happened this year.

George Osborne took the markets - and his political opponents - by surprise in copying an initiative taken over a decade ago by a former Irish finance minister, Charlie McCreevy. I refer to the introduction of self-managed personal pensions.

It is an initiative that only a ...