View more on these topics

Bercow quits over adoption vote

Conservative Shadow pensions minister John Bercow has resigned from the front bench rather than give into pressure from the party to vote against Government plans to allow gay and unmarried partners to adopt children.

He has been replaced on the pensions front by former social security minister Oliver Heald, who served in John Major&#39s Government in the mid-1990s.

Bercow&#39s departure will be a blow for the party as he has been seen by many as a forward-thinking liberal MP who had earned a degree of respect from the financial services industry.

Conservative leader Iain Duncan Smith ordered a three-line whip on the issue, an ultimatum for Tory MPs to vote against the motion in Tuesday&#39s vote, whatever their personal objections. Bercow had been advocating a vote of conscience on the issue, which would have allowed MPs to decide for themselves how they would vote.

Britannic Retirement Solutions head of corporate affairs Jim Boyd says: “Pension policy development is critical at the moment. Every Government needs a strong Opposition to ensure good laws are being made. It is a shame that John Bercow is leaving just as he got his feet under the table.”

Recommended

Teenagers leading push to save more

People in their late teens are Britain&#39s top savers, expecting to save an average of £189 a month, according to research by Alliance & Leicester.People in their 20s plan to put away £94 a month and those in their 40s only £87 a month, according to the bank&#39s quarterly wealth tracker index.But the findings show […]

McBrien stepping down at IFAP

IFAP has announced chairman Kevin McBrien is stepping down at the body&#39s November board meeting and is being temporarily replaced by former Scottish Amicable chief executive and current Advice First chairman Roy Nicolson. McBrien, who is the former chief executive of pensions provider NPI and joined IFAP in June 2001, is resigning for personal reasons. […]

Business down at St James&#39s Place

St James&#39s Place Capital&#39s new business figure show new sales down by nearly a quarter. For the three months leading up to Sept 2002 sales were £35m – down from £45m the year before. It says the figure reflect the continuing difficult investment conditions.

Real message of the pension age debate

The transition to a state pension age of 65 for women to equal that of men will not be complete until 2020. Yet we are already debating a further rise in state pension age for both sexes.The Institute for Public Policy Research proposed 67 in June. In September, the Pensions Policy Institute published a detailed […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment