The Liberal Democrats have attacked the government's response to the findings of the Parliamentary Ombudsman's report into occupational pensions, while Ros Altmann is planning to launch a judicial review of the case on behalf of the pensioners affected next week.
David Laws, shadow work and pensions secretary for the Liberal Democrats, says it is unacceptable for the government to so comprehensively reject the Ombudsman’s findings of maladministration and subsequent recommendations. He says: “The government is showing the most appalling arrogance in ignoring the financial hardship of thousands of people who saved in an occupational pension. There seems little point in having a Parliamentary Ombudsman if the government slams a report such as this and disregards its recommendations simply because it raises difficult questions.” Laws points out the...
To continue reading this article...
Join Professional Adviser for free
- 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