Pensions made fun

[webofevil]

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.