TONY HAZELL'S THE LAST WORD: We must end 13 years of pension pilfering | Mail Online
Private pensions became the cashcow of the company owners, the trustees and with money purchase the life offices. For decades there had been lots of interest in private pension provision which was generated by the people who were rewarded for their efforts, salespeople. Thanks to HM Treasury policy handed down to the FSA there will be no reward for persuading others to put money aside for retirement, the end result will be far fewer people with their own pension pot. Did Gordon Brown want everyone to be reliant upon the public sector? That way lies votes? As far as the FSA is concerned it is a political puppet, it will dance to any tune its masters play.
Read more: http://www.dailymail.co.uk/money/article-1279559/TONY-HAZELL-S-THE-LAST-WORD-We-end-13-years-pension-pilfering.html?ito=feeds-newsxml#ixzz0oLzmUHC1
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