Pensioners should pay £620m annual levy - papers 5th Oct

Responding to consultation on the Pension Protection Fund (PPF), Field said the £300m levy on companies with final-salary schemes should be scrapped after its first year and replaced with payments by pensioners and workers in both the public and private sector, says the paper. Field, who was appointed by Tony Blair to “think the unthinkable” about the future of British pensions, then moved aside in 1998 for doing just that, said it was crucial to ensure the PPF levy was paid by “those individuals that have the greatest interest in a guarantee”. A SEEMINGLY minor change in Gordon Brown'...