Masters Attacks Minister Over Pensions Smg Chairman Blames Government for Debacle
The Herald › February 10, 2006
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Summary
STEPHEN Timms, pensions minister, came under fire from one of Scotland's leading businessmen yesterday as he defended the government's record on pensions at a seminar in Edinburgh.
Chris Masters, chairman of SMG and holder of a string of senior board posts in Scotland, asked Timms "whether with hindsight he regrets the Treasury decision to tax pension funds to the order of GBP5bn a year . . . and does he feel comfortable with justifying a highly-generous pension package for the public sector while most in the private sector have had their pensions destroyed by government policies".See the full content of this document
Extract
Masters Attacks Minister Over Pensions Smg Chairman Blames Government for Debacle
Timms replied: "I don't accept the propositions you are advancing and I don't regret the decision made in 1997."
The cost of scrapping dividend tax relief was "certainly coming down as pensi...See the full content of this document
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