Pensions related thought for the day

One for the pensions industry folk from yesterday's FT, courtesy of McK.

"Pension saving, like any form of investment, is fraught with risks from which no nannying government can immunise citizens. Conscious perhaps of these perils, my grandfather, a portrait painter, set nothing aside when he eventually made some money in his sixties. Instead, he invested in a splendid Rolls Bentley. He used it to convey his 25-year-old mistress to The Savoy for dinner. He died before he needed a pension. He was, I hope you will agree, an example to us all."