Written Evidence to be reported to the House.
Pensions Bill
1:15 pm
Nigel Waterson (Shadow Minister, Work & Pensions; Eastbourne, Conservative)
Let me raise it now, although it moves us on to a different subject, which is the issue of deregulation—or simplification, however you want to call it. I was in Holland last week, hearing about the benefits of the flexibilities in their system, especially conditional indexation. Would Ian and Keith like to elaborate on the kind of flexibilities we might be able to build into the system through the Bill? What could encourage employers to keep existing defined benefit schemes open and, perhaps, stem the tide of levelling down when the time comes?