Liberal Democrats in Business

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GOVERNMENT POLICY CAN SERIOUSLY DAMAGE THE HEALTH OF YOUR PENSION FUND - OAKESHOTT

4.59.19pm BST (GMT +0100) Mon 19th May 2003

Lord (Matthew) Oakeshott, Liberal Democrat Pensions Policy Spokesman in the House of Lords, commenting on proposals to require company pensions documents to carry "health warnings", said:

"We've been waiting for six weeks for the Government to appoint its sixth Pensions Minister in 5 years. During this time, grave warnings issued by pensions experts in response to the Pensions Green Paper have sat in the Ministerial in-tray."

"The real threat to a healthy future for pensions is not from company schemes, but from the Government's meanness on the basic state pension, its tax on private pension funds' dividends and paralysis in its private pensions policy."

"ENDS

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[Previous news story]: KPMG REPORT: 77% OF SMALL BUSINESSES LACK CONFIDENCE IN GOVERNMENT POLICY (Mon 19th May 2003).
[Next news story]: INFLATION FIGURES: COUNCIL TAX RISES MAKES INTEREST RATE CUT MORE DIFFICULT (Tue 20th May 2003).

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