Machiavellian ASP - surely not - Alternatively Secured Pension

Reading in the recent AMPS - Association of Member Directed Pensions newsletter a fascinating angle on the Alternatively Secured Pension - ASP saga.
John Bradley, outgoing chairman states that the government created the current ASP regime, knowing that the industry would kick back at the restrictions. Effectively the government created a regime so that they could accuse the industry of abusing the ASP rules, and that the adverse publicity surrounding this would be used to going back to justify compulsory annuities.

posted by Chris Read @ 09:48