Written Evidence to be reported to the House.

Part of Pensions Bill – in a Public Bill Committee at 1:30 pm on 17 January 2008.

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Ian Farr: I support Mr. Yeandle’s proposal—he made it to the deregulatory review, which I think has taken it up—to make public the ways that risk-sharing can be carried out. The trouble is that there are not that number of ways. Also, to do meaningful risk-sharing and to go for a true middle way, it has really to be an employer that can accept some risks; you are into the medium to large employers. The medium to large employers already have advisers—typically consulting actuaries, I am afraid—and they have been advised for years on all the ways of doing it. The publication of such ways for the small employers is useful, but many of those small employers will not be able to afford to share risks. Therefore, I am sceptical whether it would lead to much progress.