Trade union leaders have been warning for some time now that it would be pensions reform — not pay freezes or job cuts — that could prove the trigger for widespread public sector strikes this year.
Nine years after the near collapse of Equitable Life, pensioners and savers are still unsure if they see any compensation despite the long-awaited report by the parliamentary ombudsman, described by commentators as a “damning indictment of UK financial regulation.”
Whatever happened to “girl power”? The phrase became a cultural phenomenon after the formation of the Spice Girls pop band in 1994, and was adopted as the mantra for millions of girls, even making it into the Oxford English Dictionary.
Few people are more on the pensions money than Scottish Life’s Steve Bee. And he has some strong views in his latest “BeeHive” post following publication of our exclusive story on the soaring costs of setting up “personal accounts” — the government’s brainchild aimed at solving a looming pensions crisis.
The dust has settled on Alistair Darling’s first Budget and consumers have been given little reason for celebration. The Chancellor, though announcing various measures designed to increase housing affordability, has done nothing to help the masses.