Commenting on three separate reports released this week which paint a dire picture of Britain’s pensions crisis, Sir Menzies Campbell MP said:
“More and more people working in the private sector are going to find themselves disappointed by the pension provision being made by their employer, with some companies closing certain schemes to new members of staff. The recession is inevitably going to affect pensions but employers should be dissuaded from taking short-term measures which could alter their employees’ pensions in the long-term.
“When the private sector tighten its belt it inevitably puts more pressure on state pensions. The Government must wake up to the fact there is a ticking time-bomb in our pension provision. â€
