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Papers released under the Freedom of Information Act are a "damning indictment of [chancellor] Gordon Brown's record on pensions", according to Dr Ros Altman.

Dr Altman also suggests that Mr Brown needs to accept responsibility for those who have experienced pensions losses through failed final salary schemes since 1997.

The investment expert, banker and economist, who is also an adviser to the pensions industry, states that the chancellor ignored warnings which suggested the actions he made after Labour came to government could undermine pension scheme finances.

Furthermore, she indicates that the prime minister-to-be never gave the members of smaller company pension schemes due consideration.

"Pension funds are not just pools of money, they have people's lives attached," said Dr Altman.

"Particularly in the UK, where the state pension is about the lowest of any developed country, a private pension is essential to avoid poverty in retirement."

See the full item at this link

http://www.savingforretirement.co.uk/Investment-expert-questions-Brown-s-pensions-policy-175_62_18107515.html

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