Testing the water

If a job is worth doing, goes the saying, then it is worth doing properly. There is no doubt that the UK pension system was in need of an overhaul, and the simplification rules brought into force on 6 April 2006 have been welcomed from most quarters. However, there is also a feeling that, in certain areas, the rules have lacked the boldness to really simplify matters and, by continually tinkering with the original legislation, the field of play is getting boggier by the month. If one takes a moment to consider the chancellorship of Gordon Brown, then one of its overriding features would...