The Pitfalls of Co-Opting Pension Funds

The idea is that a new super fund would be created where the old final salary pensions are more put into. The pension protection fund would be in charge of investing and they could do it more adventurously. It's a really interesting idea but it's got a lot of pitfalls, says Lord Tebbit. He adds: 'I can't see how this will have a huge impact'