View more on these topics

Tories blamed for plight of pension victims

by Paul McMillan

Chancellor Gordon Brown says the Conservatives should shoulder the blame for occupational pension victims’ losses.

Parliamentary Ombudsman Ann Abraham earlier this year found the Government to blame for losses where pension schemes were wound up.

Brown said in response to a question: “This is a complaint against the previous Government. What I would say is that since 1997 we have done more than any other Government to deal with this problem.”

Pension campaigner Ros Altmann says: “What an outrageous statement. Brown does not have a leg to stand on with this argument. It was this Government that weakened the schemes and made the minimum funding requirement useless.”


Liverpool Victoria confirms temporary suspension of PTA

Liverpool Victoria has confirmed it has temporarily suspended sales of pension term assurance until the Treasury clarifies its position following the announcement in the pre-Budget Report.Liv Vic says it is working with HMRC and the Association of British Insurers to establish the implications of the PBR and whether tax relief will be withdrawn from stand […]


Only 6% of advisers protect term deals

Only 6 per cent of life insurance policies are written in trust by advisers and direct sales channels which could lead to consumer detriment in future. Research conducted by Money Marketing with six providers found that less than 10 per cent of life insurance policies are placed in trust, with just 6 per cent of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment