As anyone who has been unfortunate enough to have lunch with me will testify, my long-term pet hate has been the fact private sector pension funds have to account for and fund future liabilities now, while the government conveniently dodges these rules...
It has been a while since I have been able to contribute a Beveridge report to PP and I have a number of decent excuses. The best one is that I have become liable for a wonderful, but completely unfunded, liability called Henry Beveridge who was born...