The latest plan to raid your pension

George Osborne's grab of the Royal Mail's pensions pot is nothing short of scandalous, warns Bengt Saelensminde. Here, he explains what to do before the government comes after your pension.

Though we've seen massive improvements in corporate accounting standards over the last 15 or 20 years, one organisation consistently fails to adopt prudent methods: the government.

I'm not talking about howit goes about managing (spending!) our money. I'm talking about howit constantly manages to be negligent in accounting for it.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.