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"We are on the cusp of answering the central question of pension design – how to ensure that as many people as possible are able to save for a reliable income for life in retirement through pension plans which are structured, run and invested on their behalf in a cost-effective fashion."

I disagree as to what is the central question. There is far too little focus on pensioners' outgoings in retirement and too much focus on their income. If they had more flexible outgoings, they could tolerate more flexible incomes. So I would focus on ensuring as many people as possible do not have to rent their accommodation in retirement. That means we need much more affordable housing, so that most people can buy their own home and pay off the mortgage before they retire.