None of the above is a reason to do nothing. The chancellor wants to fill a £22bn ‘black hole’ and pensions might be one way of doing so, as well as the industry being a partner in investing in infrastructure and growing the economy.
But recent experience show that tough decisions need not be rash ones, each needs consideration of the impacts across the economy.
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Yvonne Braun is director of policy, long-term savings, health and protection at the ABI
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