Why a pension cashpoint is not around the corner

I give two-and-a-half cheers for George's pension package, the 'half' being for the complex misrepresented "death-tax" changes which are regressive, complicated and could easily have been dealt with using inheritance tax legislation already in place. I give no cheers for the spin-a-ling-a-ling with which the Treasury's Pension Bill was presented to the press. The Pension freedoms re-packaged as a 'pensions bank account' was not a new policy. And a pension bank account is alluring but it's not what you're going to get. There isn't going to be a pension cashpoint around the corner for t...