Pensioners win!
Friday, January 16, 2009 posted by admin
Finally, something is been giving back to the pensioners who are being made to struggle so much lately!
A lot of pensioners have relyed on the value of their property to keep them going through their later life, which is simply not an option any more.
Yesterday the Government finally agreed to give compensation to some of the hundreds of thousands of people who saw up to half of the value of their pension pots vanish after Equitable was forced to close to new business in 2000.
But while Yvette Cooper, Chief Secretary to the Treasury, apologised for “injustices for policyholders” caused by government failures to properly regulate the society, a legitimate question to ask is: what took the Government so long?