I was really refering to the existence of pensions rather than pensions as a symptom. I am all for saving for the future, but pensions (the way they are implemented for the majority) divorce investment decisions from capital owners, allowing gross mismanagement. And to top it all off, one of the reasons that government feels compelled to intervene in markets is to protect the value of said pensions.
Retirement ages need to be raised and it needs to be hammered home that if you don't actively manage your own wealth you are just playing into the hands of the cosy cartels between large company management and pension fund operators.
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timeasmymeasure
Re: What would you be willing to pay?
Date: 2010-05-10 12:00 am (UTC)Retirement ages need to be raised and it needs to be hammered home that if you don't actively manage your own wealth you are just playing into the hands of the cosy cartels between large company management and pension fund operators.