Rachel Reeves, the shadow work and pensions minister, set out some interesting ideas for what a Labour government would do with pensions policy yesterday. But the striking thing is just how little they would really change.

The proposal that made headlines yesterday was Reeves' pledge to automatically enrol an additional 1.5 million low-paid workers into company pension plans, in addition to the 10 million already either signed up or due to join in the next four years.