What The Papers Say: A punishing time for pension providers

The tale of the mis-sold pensions took a new twist last week with another ’naming and shaming’. The well-tried police tactic against kerb-crawlers has now been applied by New Labour to both schools and pensions companies. Legal and General and Sedgwick were the first miscreants to be singled out for a naughty boy letter.

The tale of the mis-sold pensions took a new twist last week with

another ’naming and shaming’. The well-tried police tactic against

kerb-crawlers has now been applied by New Labour to both schools and

pensions companies. Legal and General and Sedgwick were the first

miscreants to be singled out for a naughty boy letter.



Last week Colonial and Hogg Robinson topped the list of the 20 worst

offenders, highlighted by Helen Liddell for their lack of progress in

sorting out the pensions muddle.



Ironically for a former Robert Maxwell aide, Ms Liddell continued to

play the tough guy working on behalf of pensioners to ensure either

reinstatement of company pensions or guarantees of equivalent value.



Gordon Brown’s budget gave pension companies another chance to whinge at

having to recalculate their figures following the withdrawal of ACT from

pension schemes. Barclays Life and Guardian took comfort in being let

off lightly - a case of two of the best, rather than six?



Evaluation and analysis by CARMA International. Cuttings supplied by The

Broadcast Monitoring Company. ’What The Papers Say’ can be found at:

www.carma.com.



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