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URL:  http://boards.fool.co.uk/if-you-have-enough-capital-you-do-not-need-a-12497033.aspx

Subject:  Re: "Pensions - who needs them?" Date:  02/03/2012  13:24
Author:  swynn102 Number:  90026 of 91886

If you have enough capital you do not need a pension. Contributing to a pension scheme reduces your opportunity to accumulate capital. Personal pensions (including stakeholder and excluding SIPPs) and annuities, are a lousy investment because of restrictions, charges, no opportunity for multi-baggers, market impact, lax regulation, inflation etc.
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