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Darling claiming pension consensus

Social Security Secretary Alistair Darling has told Money Marketing that

the Government&#39s pension policy “reflects a consensus”.

He was responding to criticism from National Association of Pensions Fund

chairman Alan Pickering. Pickering told the NAPF annual conference in

Glasgow that the political parties were engaged in point scoring over

pension policy at the expense of the wider community. He urged politicians

to act “not merely as politicians, but as statesmen”.

But Darling countered: “Two years ago, we announced our pension proposals

and they were universally welcomed. The Government has made clear what our

policy is and it is up to others to say where they stand.”

Conference guest speaker Shadow Chancellor Michael Portillo accused the

Government of introducing an “underhand stealth tax” with the scrapping of

advance corporation tax credits for pension funds.

l NAPF conference report, p10

Three-quarters of people miss out on getting the best annuity deal with

rates varying widely because theyare unaware they can shop around for

annuities withan open market option

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