Murphmonster rolls out his old idea that pensions shouldn\’t be invested in anything that currently produces a return:
Most importantly we suggest that if those pension funds are to attract tax relief in future they must use a significant part of the £80 billion of contributions they receive each year to invest in new jobs, new technology and new infrastructure for the UK so that the wealth that is needed to grow our economy, to create jobs and to build the real capital base that must be passed to the next generation is built on the back of pension fund investment.
No, no, far better that your pension savings be used in the riskiest part of the investment business. Venture capital.
Does he ever actually think about what he\’s proposing?