With Lord Turners' report due today, pensions are at the top of the agenda.
That there has to be a fundamental change in our attitude towards saving for retirement goes without saying, but from the leaks already reported we still seem to be missing the plot.
Key issues still remain unanswered with many already refusing to budge on what they see as their ?rights?.
Firstly, Government must stop taking #5 billion pounds a year out of the pension pot.
Secondly, the private sector should not be subsidising the public sector?s inflation proofed pensions.
The idea that those of us in the private sector have to pay someone else before we can pay ourselves is grossly unfair and will lead to millions of pensioners suffering.
Thirdly, it is absolutely ridiculous that if there is one retirement age that it is not the same for everyone.
We can?t ignore the need for change, but equally we need to eradicate the continued vested interests keeping their ?noses in the trough.?
Compromises are going to have to be made. Whatever happens with the pensions issue affects everyone in the country as well as placing burdens onto the next generation.
Statistics point to the gap being widest in small businesses.
This is hardly surprising when they are already paying twice, once through National Insurance and secondly their own additional contributions (if they can).
They have also had to put up with the bureaucracy of the Stakeholder Pensions fiasco where employees were offered a scheme which very few took up, but at considerable cost.
Whatever is now to be put in place needs to be for the individual and the pensions industry to administer, and not the employer.
Imposing a whopping three per cent employment tax levy on the UK?s four million small business will damage their ability to create jobs, and seriously affect flexibility.
It would also come at a time when even the Governor of the Bank of England has admitted that taxation is adversely affecting the economy. Not to mention that energy and other costs are soaring through the roof.
Small business is the one sector which remains the growth generator for the economy. Hit it and the UK?s competitiveness will suffer.
Now is the time for us all to take individual responsibility for saving for our retirement.
The creation of a level playing field between the public and the private sectors, with no further taxation on our already over-regulated, over- taxed and over-burdened small business sector is absolutely essential.
* Mike Cherry is West Midlands Policy Unit Chairman for the federation of Small Businesses