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Comments
More questions than answers
"But Hargreaves says any change will require investors to secure a minimum level of guaranteed income to ensure they won't be a welfare liability to other taxpayers". And if this goes ahead, who is going to decide exactly what this 'minimum income' level is going to be? What about future potential Long Term Care costs?
Posted by: Alistair Blyth
It's a start...
A big step in the right direction, but far from a perfect scenario. Forcing investors to secure a minimum level of guaranteed income to ensure they won't be a welfare liability to other taxpayers sounds entirely fair, provided they also force the entire working population to make their own retirement provision to prevent them becoming a welfare burden. Why should those who saved be entitled to less State help than those who didn't bother?
Posted by: George