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Letter: Pension cure.


THE problem with pensions today is mainly due to dropping interest rates in the financial markets.

The index-linked money that accrues from that has left a shortfall in pension pay-outs.

A pension should run from the cradle to the grave rather than the Government handing out baby bonds, which can be cashed in when a youngster reaches the age of 18.

They should give a sum of money to every child on his or her first birthday. This would then be invested, under strict Government-regulated miles, until the recipient reaches retirement age.

This simple recipe would solve the black hole of tomorrow's pension problems today

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Title Annotation:Letters
Publication:Sunday Mercury (Birmingham, England)
Date:Sep 18, 2005
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