If they had a competition to name this Green Paper, they’d call it Dampy MacSquibface.
The much-anticipated pensions Green Paper in response to the demise of BHS dropped into the industry’s inbox yesterday.
It contains many more questions than answers, saying no to lots of things and yes to nothing. If this was a squib, it would be very much of the dampest kind. Dampy MacSquibface if you like.
The bluster of the Work and Pensions Committee is nowhere to be seen. The Paper is littered with phrases like “we do not feel there is sufficient evidence”, “all of these options have significant drawbacks”, “we would need to be certain” and “it would not be appropriate”. The world of pensions is slow enough to change – do we really need yet another agnostic consultation? Read more »