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HOPE FOR PUBLIC SECTOR WORKERS WHO LEFT PENSION SCHEMES

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Nurses teachers and other public sector workers who were victims of pensions mis-selling are a step closer to being...
Nurses teachers and other public sector workers who were victims of pensions mis-selling are a step closer to being reinstated in their public sector schemes, says The Guardian (p20).

Treasury minister Angela Knight yesterday announced that the government had agreed to revise downwards the cost of reinstatement which life companies and pensions salesmen will have to pay.

The government decision to revise the charges follows intense pressure form the life insurance and pensions industry which has baulked at the cost of footing the compensation bill for those who were wrongly advised to abandon their public sector schemes and switch into personal pensions, reports The Guardian.
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