Pension reforms are 'positively dangerous' - Field

In a speech to the Merseyside Life & Pensions Society, Field, the former minister for welfare reform who had been charged with “thinking the unthinkable”, claims the government’s proposed pension reforms “are not so much preposterous, as positively dangerous”. And he says on top of “inadequate reform” to the basic state pensions, the government is “placing another complicated tier of pensions provision” in the form of personal accounts. He warns: “All the vibes are that there will be at least three funds paying different returns. If the government goes ahead with various schemes, at any...