Here’s a completely barking idea, if ever I heard one. Most people, especially the young, are saving less than ever. Auto-enrolment pensions have started to improve matters, as those who can’t be bothered to save usually can’t be bothered to un-enrol. Now one of this week’s ministers is suggesting pensions be accessed and used for first time-buyers’ deposits! So what do they do for a pension? Sell their houses? And live, where, exactly…?
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