Written Evidence to be reported to the House.
Pensions Bill
1:15 pm
John Greenway (Ryedale, Conservative)
That is very helpful. Coming back to the conditional indexation issue, you will be aware that on Second Reading I made known my support for what you have said. Two days ago, the TUC, with the support of the charities for the elderly, expressed some reservations about conditional indexation, and I think we reached a point where they would support further review on trying to find a middle way, rather than have all the risk resting with employers or employees. Have you done any work or given any thought to features other than conditional indexation, which might lead to a sharing of risk? If we were to have a further review of this, it would have to be on the basis that we might find some other golden solution. I suspect you have looked at all the possible solutions and concluded that there is no golden solution other than the one you propose.