David Morrison, August 2002
The Pensions Crisis
The pensions story of recent months has been the closing of final salary pensions schemes to new employees by large private companies. More than half of the FTSE 100 companies have now taken this step, and the rest are likely to follow suit. The purpose of the step is, of course, to save the companies money.
In final salary schemes, which are almost universal for public sector workers, the pension paid on retirement is a guaranteed ...
Editorial, November 1998
Punishing The Victims
Speaking to the Association of Private Client Investment Managers and Stockbrokers Conference in Edinburgh on 3rd October, the Secretary of State for Social Security, Alistair Darling, made the following pronouncement:
“The Government wants to encourage more savings and personal pension provision. Partnership between public and private sectors is essential to achieving this objective. For there to be a successful partnership people must ...
David Morrison, November 1998
More On Pensions
The Labour Party manifesto made a commitment that all pensioners should get a fair share of rising national prosperity. The Government would have you believe that it is beginning that task from April next when, you will be told, a £75 old age pension is to be introduced.
In fact, what is going on is tantamount to a fraud on the Government’s part. The basic old age pension is a universal benefit paid out of the National Insurance Fund to ...
Angela Clifford, June 1998
It hasn't gone away, you know
At a time when we are told that a mere 10% of under-35s are making any pension provision, Barbara Castle and colleagues have published a pamphlet on the subject, reviewed here by Angela Clifford
Barbara Castle and five colleagues have produced a well-researched pamphlet, Fair shares For Pensioners showing how Thatcherism has altered public pensions provision for the worse. Her team is: Peter Townsend, Emeritus Professor of Social ...
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