Folk have talked about a wealth grab from pension pots for many a year, I am old enough to remember Robert Maxwell plundering the pensions of his employees, instances are rare and few and far between. Also, many organisations, particularity public sector in the states do not have the resources to keep financing their obligations to members years down the line, this is something different. The UK government does not have a pension pot for the state pension pot either, it just comes out of general taxation, but let’s not conflate this with private pensions. I am easily convinced around arguments that the state will take your savings one way or tother but I am not convinced regarding pensions. The reason being is that the wealthy of this nation, I.e, the top percentiles, hold and have acquired more than half their wealth in their pensions. It is one of the best wealth generating vehicles we have and a big tax shelter. Now for the politicians to come along and retrospectively grab this money, mainly from their own? I don’t believe they would go down this route, the elites take care of each other. The wealthy have little in cash and you may find a haircut: bank bail in/ cash grab when the s**** hits the fan but the Uber rich will see this coming and have their assets elsewhere. To me, pensions are safe, have “free” money attached and encourage long term savings with the added benefit of compound interest but obviously folks must make up their own minds. I’m in my 50’s now, folks were decrying pensions since my youth/ Maxwell era, but I wish I had saved like mad one into a pension from then, would be sitting pretty now and fairly confident it would last my lifetime and leave a legacy to pass onto my kids.