Friday, 11 December 2009

Pensions madness

Just saw this article on the BBC news website - business section. It stated that 39% of UK household wealth was in "pensions assets". This is crazy. The entire concept of "pensions assets" is absurd and unnecessary, read all the way to the end of this article if you need convincing of that.

Of course the banks are making a massive sums from "managing" this 39% of our wealth.

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