Conflict of interest

Dear Editor, Imagine if your arch-rival, whether in business or sport, were able to set the rules by which you had to abide. Would that feel fair? I would bet not! However, that is exactly the position that the pensions industry finds itself in following the publication of this year's second Pensions Bill. The Bill says that the Personal Accounts Delivery Authority, PADA, should advise the Secretary of State for Work and Pensions, on matters concerning the exemption test for employers with better existing pension schemes than the new bargain basement personal accounts. The Bill also s...