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Comment 18th August 2010

My suggestion concerns those who suffer health disability or crippling accidents which severely reduce their chances of employment.  It is that they should, subject to health certification, be allowed the option of  immediate access to their personal pension plans even though below the regulatory age prescribed.

I understand that certain sportsmen and other professions are, even when fit, allowed such access.  The situation of previously employed, or self-employed, people who become handicapped would seem more deserving.  Denial of exceptional treatment seems anomalous.

Premature access to their funds would, sadly, imply reduced benefits on actuarial grounds.

Why does this matter?

Because current regulations can impose what are sometimes lengthy periods of hardship on individuals for no apparent benefit to the Treasury.

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