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
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