How do you solve a problem like the pensions system? Spectator Money has a solution

What should be done to our muddled and over-complicated pensions system?

We (our politicians, that is) have created a pensions monstrosity that even hardened actuaries now fear and struggle to comprehend.

The question I raise is one all the main political parties will provide their thoughts on as we painstakingly move towards June 8 when, barring a miracle, Theresa May and her Conservative Party will triumph spectacularly.

The manifestoes have yet to be published – not that their contents are to be trusted – but it is quite obvious that both Labour and the Conservatives are keen to meddle even more with our pensions.

Not for our greater benefit, mind you (perish the thought), but to cut the ever soaring cost of boosting our pension contributions with juicy tax relief. A boost that currently costs the Exchequer some £30 billion every year. Money that could be deployed (wasted) elsewhere.

The Conservatives have so far adopted a cowardly approach to pensions, chipping away at the edges so as to keep a lid on costs but not being brave enough to push through radical reform.