Part of Bill Presented — Private Pensions (Charges, Disclosure and Accountability) Bill – in the House of Commons at 2:50 pm on 1 March 2012.
Is the Minister saying that at any point in the future he can decide what the measure of inflation is and then refer it back to the whole of an individual’s pension? Is he not seeing this just as a matter of his judgment at any point in time, in effect producing an index very much lower than the expected one?