UK - Pensioners who saw their company pensions disappear will be confronting Labour ministers at their annual conference tomorrow in Bournemouth.
The protest is to be attended by pensioners who have seen their retirement provision lost by former companies and aim to step up pressure on the Prime Minister to provide a proper compensation package.
The meeting is to be addressed by former pensions adviser to Tony Blair, and now independent pensions adviser, Dr. Ros Altman.
Altman said: “They are good people, who have done nothing wrong. How can Britain treat them like this? Government has gone terribly wrong on this one and it must right this wrong now, before any more die in despair or end up in intensive care with stress-related illness.”
Chris Grayling, shadow secretary for work and pensions, added: “We hope taking the battle to get them a better deal right to the heart of the Labour conference will convince ministers that they really have to act to start helping these people straight away. Gordon Brown just can’t keep ignoring the issue.”
According to Conservative Party estimates, more than 100,000 pensioners face a bleak time in retirement following the collapse of their schemes.
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.