The dance of the seven pensions

Whilst entertaining for the pension pundits amongst us, when we eventually get to see the whole thing it may not be as exciting as those glimpses promised. The latest tease was by John Hutton at the NAPF conference in Manchester. In his platform speech he revealed that personal accounts would be run independently of Government, with a Board of Trustees taking ultimate responsibility for setting the strategic direction. This wasn’t, in itself, a big shock. The White Paper, issued last December, had already outlined that personal accounts would be an occupational pension scheme – somewhat...