a few tasty morsels of wisdom:
"If the objective of government is the cessation of
provision of voluntary private sector occupational
pensions, it should say so. If not, it should not allow its
civil servants to adopt policies and practices which
ensure that this will occur."
The savings adequacy problemis compounded by theAnd another paper well worth reading:
fact that DC ‘pensions’ are just tax-advantaged savings
schemes which leave the individual exposed to risks
which are unmanageable"
Tomorrow's investor: building the consensus for a People's Pension in Britain by David Pitt-Watson
07/12/2010
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