It sounds suspiciously like telling people that they can have their cake and eat it.
Yesterday Pensions Minister Steve Webb met representatives of the pensions and insurance industries in the search for a scheme to enable workers to insure their pension savings against stock market falls.
"People have a huge appetite for certainty about their pension savings," he said. Absolutely. Recent experience has been of pension pots shrinking rather than expanding, accelerating the speed at which inflation erodes their savings for retirement. It is popular to blame this trend on Gordon Brown's infamous 1997 decision to abolish advanced corporation tax (ACT) relief.
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