Latest editorial
STEELWORKERS were “shamelessly bamboozled” by “parasitical” finance chiefs who pushed them into joining a risky cash-out retirement scheme, MPs reported yesterday.
The work and pensions committee said members of the British Steel Pension Scheme (BSPS) had been “exploited for cynical personal gain by dubious financial advisers in tandem with parasitical so-called ‘introducers’.”
Steelworkers below pension age were encouraged to transfer their defined benefit pension rights into a defined contribution pension — a process known as a “DB transfer.”
Reversing outsourcing is the pre-election promise the government must honour, says Unison general secretary CHRISTINA McANEA
SOLOMON HUGHES asks whether Labour ‘engaging with decision-makers’ with scandalous records of fleecing the public is really in our interests
