Dear Sir, Howard Flight's article (IW 22/9) highlights an important political obstacle to annuity r...
Dear Sir, Howard Flight's article (IW 22/9) highlights an important political obstacle to annuity reform, namely the resistance to any proposal for allowing unspent pension funds to pass on to the next generation unless the exchequer gets its cut (of said funds). This kind of dog-in-the-manger mentality is a crazy distortion of priorities that will hamper every proposal to solve the retirement savings crisis. So what if the exchequer receives a bit less revenue on one front if the result is more people accumulating decent retirement funds, paying tax on their income from those funds and k...
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