Don't trust the government with your pension

The latest pension reforms could dash any hopes you had of retiring comfortably. But there are ways to avoid squandering your money. Bengt Saelensminde explains how to avoid the government pension scam.

When it comes to money you should never trust the government. They'll squander your taxes. They'll fiddle their expenses. But if you really want to see them do damage, you should look at pensions.

Last week the government announced its latest plans for pension reform. And I have to say that there were some very worrying implications for anyone who has been contributing to National Insurance over the last decade.

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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.