Peter Hain, the work and pensions secretary, admitted in an interview with the Guardian yesterday that he had solicited most of the 17 donations totalling £103,155 which his deputy leadership campaign had failed to register with the Electoral Commission, The Guardian reports.
He said he knew about the controversial donations, but not the precise point at which they came in. He added that no one in his campaign team was able to explain why they had not been declared before. NEW OBSTACLES WERE THROWN UP TODAY to a potential rescue takeover of Northern Rock as trustees of the stricken lender’s final salary pension scheme revealed a £100m hole in the pension fund’s assets, The Times reports. The emergence of a substantial deficit on the pension fund confronts would-be bidders for Rock with the prospect of having to find additional capital to plug this funding ga...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
