Labour

High earners would face a £1bn ‘tax grab' on their pension contributions to fund return-to-work schemes for the long-term unemployed should Labour return to power.

Politicians on both sides of the house have cautiously backed the industry code of conduct on charges as a first step to improving transparency.

The government can lift the restrictions on the National Employment Savings Trust (NEST) without "offending" European Union (EU) state aid rules, the shadow pensions minister has claimed.

Labour has asked the government to amend current drawdown rules to ease financial pressure on people who have seen their income drop by up to 40%.

Labour has called for the Office of Fair Trading (OFT) to investigate pension fund charges as part of its campaign for transparency.

CONDENSED

Shadow home secretary Yvette Cooper yesterday called for new laws to be written to better deal with financial crimes such as LIBOR manipulation.

Labour leader Ed Miliband has attacked the coalition government's decision to axe the 50p rate in his speech at the party's annual conference.

Labour leader Ed Miliband has promised to enforce a strict 1% cap on pension charges as part of his plan to help people get a better deal.

Labour would reinstate the 50p top rate of tax should it win the next election, party leader Ed Miliband has said.