4 December 2011

Do not put to much trust into Pension Plans

News that another EU member state has expropriated some pension fund assets in order to pay for irresponsible state expenditures should be a warning sign for savers. We suggest that tax-enhanced saving in pension plans is only undertaken after careful consideration. Legislation can be changed at the stroke of a pen, is not subject to proper democratic supervision and leaves the saver open to arbitrary decisions by politicians.