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For example, HSBC's Future Saver for Children account pays 0.5% interest, while the Co-operative Bonuss Bonus account has a rate of just 0.25%, though at least the latter comes with a decent perk to reward saving: a £10 annual cash bonus from age 13 to 18.
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It was unfair: many never wanted the annuities in the first place, and then had to watch, stuck, as future savers had the obligation to buy them removed.
Although too late for Farepak's customers, tighter rules would mean that future savers who can't trust themselves not to fritter away their Christmas money could be sure that hamper clubs would not do so either.
As for future savers, the permanent stability of the price level would have kept them whole.
For the foreseeable future, prompting savers and investors to make wiser financial choices will not be an automated task.
They will not have to sell, but offering them the option to do so will help level the playing field between past and future pension savers.
However, financial markets are special in one crucial way: they link the present and the future, allowing savers to convert current income into future spending, and borrowers to do the reverse.
The British Bankers Associationn said: "UK banks are well on the way to implementing the sweeping reforms already brought in and expected to be brought in by UK, EU and global authorities to make banks and the system safer and to ensure that banks can fail in the future with savers and taxpayers protected and the supply of finance to the economy maintained.
So Roths make sense for people who expect their incomes to rise in the future, especially diligent savers who expect to have more income in retirement than they are earning today.
The bill will fall on a future government when current savers retire.
Catherine Howarth, CEO of ShareAction said: "Few investors face as acute a risk from climate change as pension funds, and the current and future security of pension savers relies on urgent action to address climate risk now.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com