Broken pension promises
Reading Eunan King on “Unravelling the puzzle of the Aer Lingus pension pot” (18/5/2014) made me think about the similarity between the banks and the private pensions industry. Both have broken their promise to look after savers’ money prudently.
Eventually, we caught up with the banks, and we can still tackle the pensions industry. A good start can be made by transferring supervision of private pension schemes from the cosy...
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