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King: the trustees’ actions do not amount to a breach of trust

Director to fight on after losing appeal

The former Heath Lambert director who saw his pension slashed after the scheme fell into the Pension Protection Fund (PPF) has lost his appeal to the ombudsman.
But Paul Hughes, who would have had a £66,000 index-linked pension, has vowed to continue his fight along political channels.
“I won’t give up on this and there are other people in the same boat as me who I don’t think will ever give up either,” he said.

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The Money Advice Service is an elegant and innovative way of providing consumers with much needed help to access financial services products.

  • Absolutely. Should have happened years ago.
  • It's a start. Let's hope it's a solid foundation.
  • Not sure either way.
  • It's not advice, but you only find that out in the small print, which nobody reads.
  • Are you having a laugh? It's another way for the regulator to raise a fighting fund to paper over the cracks in its regulatory armoury.

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