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Most people don’t understand how pensions really work. Not politicians, not City insiders, and probably not you. In this video, I explain why pensions aren’t really about savings at all, but about a fundamental contract between generations, and why private pension systems fail to deliver. TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk/Blog/2... IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2... HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurp... OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION: • Welcome to my channel - Richard J Murphy -... PLAYLISTS: Accountancy: • Плейлист Economics: • Плейлист Tax: • Плейлист Taxing Wealth Report: • Плейлист Green New Deal: • Плейлист Money: • Плейлист Questions from subscribers: • Плейлист Miscellaneous: • Плейлист #richardmurphy #richardjmurphy #economy #economics #accountancy #accounting #tax #uktax #ukeconomy #greennewdeal #uk #money #economy #politics #government #tax #labour #health #life