Pensions Commission hints at possible Government intervention

In its first report, the Commission had argued individuals do not make rational long-term savings decisions without encouragement or advice, which may in turn fuel a justification for government intervention in savings markets, whether via financial education, tax relief or compulsion. It also warned of further considerations to limit the role of government, which may make "inefficient or overly blunt interventions". Responding to the first publication, Professor Tim Congdon of Cardiff Business School had said he believes it is possible to infer from the level and trend in aggregate n...