Pensions made fun

As this entry demonstrates, noble Lords are working feverishly to bring the subject of pension reform alive in committee, possibly just to keep themselves awake. Here's Lord Freud's light-hearted and whimsical contribution:

Lord Freud: As the statutory minimum is calculated by reference to the CPI, such schemes would be required to track both the CPI and RPI and pay the higher, a bit like the old escalator in the funhouse in Tivoli in Copenhagen.