When is a pension not a pension?

Jonathan Stapleton questions the direction of pensions policy

Jonathan Stapleton
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This week, Deputy Prime Minister Nick Clegg said the government would consider allowing parents and grandparents to use the value of their pensions to help their children or grandchildren buy houses.

There is very little detail as to how this would work, but it seems to centre around using lump sums to guarantee a deposit for first-time house buyers - giving banks a call on the money, once the ...

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