Brown's Pensions Farce

David Crausby has signed a House of Commons early day motion to bring forward the restoration of the link between pensions and earnings.
Whilst I fully support this, and so does the majority of all MP’s from all the main parties, I feel Mr Crausby along with all the other Labour MPs should be asking some serious questions of Gordon Brown.
On becoming chancellor in 1997 one of the first things he did was to remove the tax credits from Dividends within pension funds.
The effect of this isn’t entirely obvious to the man in the street. As a Director of a firm who gives independent pensions advice, let me explain the dire consequences of this action. This was effectively a tax of around £100 billion from our pension funds to date – and it’s a travesty!

He then introduced means testing, which has effectively ruined the savings culture in this country. When Gordon brown’s government came to power, we were the envy of the world for our pension system, sadly this is now not the case.

Now with the proposed introduction of Personal Accounts in 2012, Mr Brown proposes to deceive savers yet again. The introduction of Personal Accounts will see all employees automatically forced to enrol and contribute to a new state sponsored arrangement. For those who would otherwise receive means tested benefits in retirement. The government have proposed that they be forced to save and this saving will reduce their entitlement to means tested benefits.
Is this really the way the Labour Party proposes to help the least fortunate in our society?
What about the less well off who will be thrown into poverty by this policy?

Yet another stealth tax from Mr Brown’s Government!