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Pensions, fairness and Lamborghinis: Budget changes to the annuities market are a lesson in the fallacies of freedom

Richards, Dave and Smith, Martin (2014) Pensions, fairness and Lamborghinis: Budget changes to the annuities market are a lesson in the fallacies of freedom. British Politics and Policy at LSE (19 Mar 2014). Website.

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Abstract

The change made to pension schemes in last week’s Budget calls into question the basic definition of what a pension is. True, the current annuities market is highly flawed, yet the new measure not only fails to address the existing problems sufficiently, it also brings about several perverse consequences. Craig Berry argues this is a measure that will fail spectacularly, even on its own terms.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy
Additional Information: © 2014 The Author(s) CC BY-NC-ND 3.0; Online
Divisions: LSE
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HN Social history and conditions. Social problems. Social reform
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Collections > British Politics and Policy at LSE
Date Deposited: 21 Apr 2017 14:15
Last Modified: 15 Jul 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/74169

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