Member

This incessant tinkering undermines confidence in the pension system itself. Long-term plans cannot be made when the goalposts keep moving. People just conclude, “Saving for a pension just isn’t for me”. The consequence of this lack of trust, which this Government are driving, is that you end up with people investing in Lego sets, Star Wars characters, silver slivers and bitcoin. Try spending those at Tesco. It is bad for everybody, but especially the youngsters starting out. The Government are not on the side of these people. They are the ones who are driving intergenerational unfairness. All students and graduates want is for the Government to give them a break—but instead they are being broken and this Bill is the final straw.