Pension saving should be 'all saving' - Congdon

Professor Tim Congdon, chief economist for Lombard Street Research, believes - as everyone will eventually die - the act of saving has to two objectives, namely to support the time of dis-saving and to make bequests to the next generation. He says: “So all saving is relevant to the determination of living standards in retirement, not specifically designated “pension savings” alone.” Moreover, he says the relevant concept of saving must not be limited to the household sector, which he says the Commission has primarily focussed on, but instead should include companies, financial instituti...