Levelling down issue may be 'overstated' - Turner

Speaking at the London School of Economics, Turner, former head of the Pensions Commission, admitted there are huge inequalities in UK pension provision with the biggest differences to be found between the public and private sectors; between defined benefit (DB) and defined contribution (DC) schemes and between those who are in a pension and those who are not. He says: “The Pension Commission focused very heavily on those at the bottom of the pile, which is why we proposed the element of compulsion on employers, if employees choose to stay opted in.” However, he says one argument agains...