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A mean and complex pensions system our grandchildren will not thank us for

The package of pension reforms set out in the last pensions white paper has been described by the Secretary of State John Hutton as the most radical reform of pensions since Beveridge. The rhetoric suggests a grand and elegant vision. The reality is rather more prosaic.

Rarely has such care and deliberation gone into an area of public policy. A Pensions Commission, under Adair Turner, has pondered for three years, produced two major interim reports, and one final report. White papers…

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