Liberal Democrats in Business
News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum
|
|
Liberal Democrats in Business News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum |
|
| CAMRA Cider Month: www.camra.org.uk/cider | <info@libdemsinbusiness.org.uk> |
Government Pensions Policy in Meltdown - Oakeshott4.17.37pm BST (GMT +0100) Wed 6th Aug 2003 Two independent surveys published today by leading actuaries and accountants prove Government pensions policy is in meltdown, says Liberal Democrat Pensions Policy Spokesman Lord (Matthew) Oakeshott. The actuaries Lane, Clark and Peacock warn that the pension fund deficits of the FTSE 100 companies have risen to £55 billion. Research from accountants KPMG shows that 44% of British workers do not save for a pension at all including two thirds of all 18 to 30 year olds in work. Lord Oakeshott said: "We face a collapse of confidence in saving for private pensions. This is doubly damaging for millions who will be forced to fall back on Britain's shameful basic state pension, the worst in Western Europe." "Gordon Brown must rescue pensioners trapped in his maze of means tests by raising the basic pension, with special help for the over 75s: £10.00 a week extra for a single person and £18.00 for a couple."
Bookmark this story at:
[ Related News Stories:Mon 15th Nov 2004: [Pensions Decline Hitting Middle Income Earners - Oakeshott ] Tue 18th Nov 2003: [Gordon Glories In Shameful State Pensions - Oakeshott] Fri 8th Aug 2003: [Pensions Minister's Regulation Call Is A Load Of Old Cockles - Oakeshott] Tue 17th Jun 2003: [INDEPENDENT MONETARY POLICY COMMITTEE APPOINTMENTS, NOT "CALLS FROM BALLS" - OAKESHOTT] Mon 19th May 2003: [GOVERNMENT POLICY CAN SERIOUSLY DAMAGE THE HEALTH OF YOUR PENSION FUND - OAKESHOTT] Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB. The views expressed are those of the party, not of the service provider. |
