It is not usually feasible to put the great and good of the financial services industry together in a room and get them to agree on anything. Typically, they squabble like alley cats, arguing about everything on and off the agenda, even the state of the weather. Occasionally, blows are traded.
Yet a few days ago, I witnessed something of a financial miracle taking place in a swanky restaurant (1 Lombard Street) in the heart of the City of London. Fourteen individuals, representing different areas of the pensions industry, actually agreeing on a pensions agenda that the next government should follow.
I was taken aback as I chewed furiously away on my vegetarian sausages while swallowing gallons of black coffee. Miracles, not misselling, in the City of London? Whatever next? Jeremy Corbyn as Prime Minister? Lord help us.
The meeting was fronted by pensions expert Tom McPhail of Hargreaves Lansdown. What he doesn’t know about pensions can be written on the back of a postage stamp.
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