“FCA finds millions have no idea what pension they bought”

Oct 26, 2017 | Pensions

Tags: FCA
An independent (financial adviser’s) view

Here’s the problem. People, for the most part, are not interested in how their pensions work, just in what they get of the other end. It’s like asking them what tyres they have on their car. It’s important, yes, but they have a life to live and would much rather live it than engage in things that they a) find very boring and b) distract them from doing what they would like to do. That is why advisers exist. So, unless it’s made compulsory to know what pension you have, with a ten year stretch in a Gulag for those in non-compliance (nothing personal, Mr Corbyn)…it will ever be thus.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.