Mr. Brendan Burgess:

Somebody aged 23 or 24 who hopes to buy a house in four or five years time will find it very difficult to save. If they see house prices and rents increasing they will panic. I suggest that if they realised they could access part of their pension fund to provide a house deposit they would be highly motivated to save. They would get into the habit of contributing to a pension, which would be very good.