British pensions guru Ros Altmann is my hero!!! She seems to be combatting the UK government's lack of concern for pensions in a solo campaign. A recent edition of Money Marketing quoted her views that private pensions are no longer suitable for the vast majority of people.
I have been thinking of perhaps investing some more in pension provision
only because I have relatively got not long to go to retirement. Maybe with
Ms Altmann's views, I should
reconsider.
The tax relief is tempting on SIPPs and there is a lot more scope for different
investment strategies. However, there is no guarantee that pensioners will not be
taxed heavily when they have saved relatively large sums only through frugal
lifestyles and cautious investment.
Ms Altmann is a pensions personality of the year for 2007. She has contrasted the
bailout for Northern Rock depositors with the lack of response for investors
in company occupational pension schemes where the sponsor has gone bust.
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