You cannot access these funds before 50 and eventually part of your money must be used to an annuity. With an ISA you call the shots and take the money out tax free when you choose. The answer must be that they are giving us this incentive now so that we can provide for ourselves in retirement realising that the state can no longer afford to do so. The best answer is probably to invest in ISAs for the medium term and to try to make pension provision for the longer term. It is important to understand that these investments are longer term in nature and that the value of investments and income from them can fall as well as rise.
Past performance is also no guarantee of future performance.
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