The final advantage is that this approach could provide a much more stable pension environment, thus encouraging people to put more money into their pensions, and could help close the "savings gap" in the pension market.
And it's like other great issues – energy, pensions, the environment – that show our system is failing.
In percentage terms, the Treasury, the Cabinet Office, local government, and the culture, transport, justice, work and pensions and environment departments will all suffer cuts of over 7% in 2015-16.
Other key policy areas – such as the environment, pensions or transport – have also been marginalised.
Concentrating on tax, crime, asylum seekers and the pound to please activists doesn't win support from men and women concerned about education, health, pensions or the environment.
Eight days ago, a YouGov poll found that the subjects people felt had not been properly discussed in the election campaign were, in order of priority, education, the environment, pensions and foreign affairs.
"Because their agendas dominate," he writes, "what rarely gets addressed comprehensively is what most people want: affordable health care, excellent schools, adequate pensions, a clean environment, and an economy that generates more and more well-paying jobs.
However, we already play that higher role in the best workplaces and in policy areas such as the environment, pensions, skills and health and safety, where common advantage is clear to all.
If we could create a Garment Workers Welfare Trust in Bangladesh with that additional 50 cents, we could resolve most of the problems workers face – safety, work environment, pensions, healthcare, housing, their children's health, education, childcare, retirement, old age and travel.
