Miliband attacks pension charges and ‘rip-off’ banks

Milliband = IDIOT

Capped charges on pensions! Aren't they called stakeholder?

Posted by: Simon Webster

Milliband

I howl with laughter every time I see this man on the TV. Please please keep him as the labour leader,that way they will NEVER get in power again.

Posted by: R Whitehead

Miliband

Unfortunately it is misguideed, ill-informed, headline grabbing politicians like this that whip up public and regulators alike into a frenzy of deluded legislation, enquiries and 'recommendations' that destroy products, innovation and whole industries alike... Tub thumping

Posted by: Carl Leonard

Pot calling kettle black

Wasn't it an ex-colleague of his (one G Brown) who raped and pillaged the Pension funds some years ago by removing a Tax Relief on Pension Scheme funds?

Posted by: SouthendMike

I laugh too...

Labour can say nothing about the REAL problems going on at the moment as they had and still have NO IDEA how to bring the ship around. He therefore gets around and has to talk about relatively insignificant matters. It doesn't help that he comes across as the worse choice ANY party could possibly have as leader.

Posted by: Stu

The Wrong Brother

Is this fool still pretending to be the leader of the labour party? Every pension product provides information of it's charges and there is a very competitive market, with many providers to chose from. It won't help pension reform when every Tom Dick & Harry is slagging off pensions. Maybe Ed fancies a job at Which? when Labour sack him?

Posted by: MarkG

Miliband the consumer champion!!

he should call for a new consumer watchdog to protect people from irresponsible politicians.....Gordon Brown.....remember his great idea about raiding pension funds?

Posted by: Andrew Newman

Amusing

Is there a watchdog to protect people from iresponsible politicians?

Posted by: Amused

Milliband - Clown

Theamn would be better employed in a circus! He is for ever whittering on about the populist topics, it is a pity that when he and his then Labour party were in government and had opportunity to do something about it they chose not to. Instead they chose to fritter away the nations assets and money depriving the many. The man is a clown!

Posted by: Winifa

Brilliant

The man is a genius. Everybody can see that the problem with pensions is the charges levied by the providers, that's why Stakeholder was such a raging success (profit now reckoned to kick in at year 14)and why in the bidding process for NEST we ended up with one bidder for the gig (how long before they say they can't make it pay and put up charges or walk away?). No the biggest problem with the pension industry in this country is that we have (very) poorly informed politicians driven by the next headline rather than the needs of both the industry and the nation and that's why as a memeber of the last Labour government his party gave us 15 pension ministers in 12 years. If Ed wants to know one of the biggest problems he should sit in on a client meeting where I ask the client whether the client trust the Government with their pension and then figure out why they are getting the response they do!

Posted by: stevo

Ed Miliband Rip-off Banks

He or his mates Tony and Ed were not much interested in these things when they actually had the power to do something about them. They were more interested in maximising their expenses, setting up Tony's and his families myriad of retirement enterprises. They let personal and national debt reach astranomical levels, believed "No more boom and bust", set up the failed FSA and let the banks take over control of it. Whichever of our three major parties is in power they will never get out of the grip of the banks, large financial institutions and the major supermarkets because in one way or another they all get some kind of financial support from them unless and until there is a public uproar like their has been over the News of the World.

Posted by: John Smyth

Loser

The greatest ever Labour leader sweeps to three consecutive general election victories with massive majorities and what thanks does he get from the Labour Party? His name is a term of abuse! (see today's Times leader "Crediting Blairism"). And the current leader (sic) does nothing to stop it.

Posted by: Ken Durkin

pension charges

Labour killed pensions in the 90's with their blinkered approach to charges. They knew what they were doing, they didn't want people to save and they didn't want advisers to have any incentive to sell savings products. All to shore up their economic failings. He's nearly 20 years behind the times. What an arsehole!

Posted by: Tom Evans

The Bleeding obvious!

I think he should get a new PR person. Many peoples and organizations have been pushing for along time for such consumer benefits and transparency when it comes to these issues.Jumping on this band wagon so late does not show good methinks. More importantly,the statement 'making a fair profit is important, but it cannot be done in an underhand and predatory way," was a corker. Given the apparent numerous and underhand ways he and his pals ran the country, effectively paying themselves and their cronies handsomely including building their own pensions with the debt we and more importantly the young of this country are stuck with. Ok, yes that was a grrr!

Posted by: Glyn Williams

More quangos

More watchdogs, more quangos, more places for their cronies to get faux "jobs" and yet the consumer really won't get a better deal, just more confusion. As another poster has siad, we have stakeholder to do this and that's been a raging success hasn't it!? I also believe it was brought in by Labour.......

Posted by: Tim Hackett

Ha,ha,ha!

What a laugh, ha,ha,ha, enough said from the "leader" of a bunch of idiots who are very happy to take all the perks and expenses they can grab but want the middle class to keep funding the benefits system. It was they that were in charge when UK PLC went bust! Not suprising as they had taken all the meat and gnawed the bone to the marrow. If it was really a Global problem why is Australia doing so well? The Australians want enterprise and don't suffer fools like Milliband and Brown before him,thats why.

Posted by: dwinsal

another professional politician without a clue

it strikes me that this man, and i use the "man" term loosely, probably studied Politics phihosophy & economics. He clearly should have had less of the politics and more of the economics. The problem people have with saving isn't charges, but affordability and clarity from the government. The affordability is a function of debt charges which is in no small part down to successive labout governments. if he apologised for the "Balls" they made of running the country, people might listen

Posted by: john

Can see little past the end of his nose

Should he not question as to why these charges are so high ? Dear Mr Sillyband Here are a few pointers Cost of regulation Cost of reporting Cost of fines Cost of the levies Cost of RMAR Cost of the failed banks To name a few All of which are paid by who ? If you need another pointer THE CLIENTS !!!! Clearly a good reason for less quango,s than we already have, not a reason for more we nearly have man to man marking as it is !!! Yours Mr C Sense

Posted by: DH

Its a Wind Up!

Well done IFA Online! If the objective of your article was to wind people up - you have succeeded! Rarely have you published an article that has generated such hostile comments. When Milliband (E) explains his comments on pension provider charges, I trust you publish his explanation. He is about 20 years out of date and made himself look like a real pillock! (PS Why would a labour leader volunteer to state he supports the Tories on public sector pay restraint??? Dumb!)

Posted by: Chris Gartside

This would be funny...........

This would be funny...........if it wasn't so horrifyingly sad. This man is a moron , he simply does not have a clue. Isn't about time he got some work experience? I mean, what WILL he do for a living...........

Posted by: RAC

Labour Voters?

I take it not many comments here come from Labour votes? Sadly all the (serious) points made here are completely valid and I can only agree with them. But before exploding into rage it must be appreciated that the bulk of labour supporters will not have a private pension, so we can only assume this is Ed's attempt to woo middle England. Best of luck with that one Ed.

Posted by: Gordon Brown