The Inquiry had a distinguished committee, a capable secretariat, and an effective and robust process of discussion and engagement. The Bank found its own engagement with the Committee very constructive. The Report is comprehensive and shows the Inquiry grappling with the big issues of our time.
One aspect of this general problem, which is becoming very acute, is that with inadequate savings and pensions too many of our citizens are ill-prepared for retirement. Ladies and gentlemen, as our economy evolves and develops, it is to be expected that our citizens would aspire to a quality of life that provides access to opportunity for themselves and their families.