Social Market Foundation reports on Savings Policy - is it a lottery?

A report recently released by the Social Market Foundation (SMF) suggests that a matched saving scheme for pensions would be more beneficial, stating that it would be cost-neutral to the taxpayer and would be more likely to encourage saving than the current tax relief system.

The report also suggested encorporating a lottery aspect into savings, where for a £1 ticket, 50p would be automatically put into savings, with the other 50p going towards a prize fund with regular live draws.