Comment: NEST makes the most of a bad deal

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Whatever one may think of the National Employment Savings Trust, it is part of the necessary Leviathan to prevent us and other future generations of defined contribution pensioners falling into abject poverty.

NEST is a good, vital idea but there are many hurdles, challenges and barbs to surmount for it to be successful. One of the major sticking points is the concept of defined contribution itself. ...

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