Both long-term care and pensions are a mess because every new government either dodges the issue or ditches any changes their predecessors have made. The corporate world, however, is no different. In the boom-boom Blair years, for instance, Lloyds bought Scottish Widows for £7bn, so that all of their advisers would have in-house investments and insurance to flog to customers. The next generation of bosses got rid of all the advisers and Scot Wids funds. And now they’ve linked up with Schroders to go back to Plan A, if there ever was such a thing. The cost of al this will, of course be written off/up/amortised or whatever. But think how many care homes it could have funded.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
