PENSION SCHEME members who already lost some or all of their retirement savings when their employers went bust could now also lose out on means-tested benefits if they become eligible for help from the government's £400m rescue fund.
Speculations that this hand-out may affect benefits entitlements mounted yesterday, says The Daily Telegraph, after Work and Pensions secretary Andrew Smith refused to rule it out in statements to the House of Commons. David Willetts, shadow work and pension secretary, said: "There are 60,000 people in this position. On average they qualify for assistance of less than £7,000. It would add insult to injury if they lost benefits as well." STAYING IN the world of pensions, The Times reveals that senior executives in the UK may stand to lose an estimated £2.5bn in tax breaks on their pens...
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