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
J G WHITEHOUSE, Wombourne