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market failure

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The Incoherence Now Underlying UK Pensions Policy

Pensions policy in the UK has become remarkably incoherent. We are bombarded with pension reforms, but the ones that have tipped us into Wonderland are the last two. First, so-called ‘pension freedoms’ announced last year, and coming into force in a couple of weeks, where people can cash in the whole of their pension pots … Continue reading

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