View more on these topics

Pension pressure for Brown

Prime Minister Gordon Brown faced a fierce attack from the Tories and pension campaigners over his treatment of victims of occupational scheme collapses in the first-ever Tory fringe event at a Labour conference.

Pension campaigner Ros Altmann told the audience of over 200 people that the pensioners who lost out are “living proof that Gordon Brown cannot be trusted”.

She said that his lack of action contradicted claims at this year’s conference that he was interested in British values, fairness, social justice and people playing by the rules.

Altmann said: “Brown needs to prove that we can trust him. I would like to believe that things can change but these double standards cannot persist. I hope that his moral compass will start to point the right way.”

She said taxpayers would not be burdened, as an up-front loan would be paid for by the unclaimed assets found by the Young review.

After the fringe event, protesters stripped on Bournemouth beach for the fifth consecutive year at a Labour conference.

Conservative Shadow Work and Pensions Secretary Chris Grayling pledged to reintroduce amendments in this autumn’s Pensions Bill for immediate support to pensioners through an emergency loan and lifeboat fund.

He said: “This is not going away. We, along with the LibDems, will keep fighting. Brown does not seem to care or understand how immediate this problem is.

“People are selling their homes, people are dying before receiving help. We cannot afford the time it will take for another review.”


Crunch the numbers

A pension lump sum gives a client the opportunity to lift the burden of a mortgage

The pension picture

The Money Marketing Live conference and exhibition at Manchester’s G-Mex on October 30 focuses on the pension issues, with contributions from 50 speakers and 85 exhibitors. Key industry figures will speak in the Money Marketing Pensions Arena and you could win a Mazda MX-5

Is three a crowd?

The pension versus Isa debate has raged on and off for years. Les Cameron, head of technical at Prudential, asks if three’s a crowd.   I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed. Total access, albeit with […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm