Gordon Brown Pension Expert
16th March 2010
The Chancellor of the Exchequer
11 Downing Street
London SW1A 2AA
Dear Sir
You have, I believe, been a very good chancellor during your term of office under somewhat difficult times. You come across as being both honest and fair in what you say and I think people trust you.
However I am less than pleased with your predecessor Gordon Brown for many reasons.
Some of which are:-
Selling the UK’s reserves of gold at US$400 per ounce as opposed to the market value currently of just in excess of US$1,100. A prudent man might have sold part of the Holding only an imprudent man would sell all of the holding.
The removal of the ability of UK pension finds to reclaim ACT on their dividend income thereby impacting considerably on the future growth of all pensions that were invested with such long established pension providers as, for example, Scottish Mutual, Scottish Widows, NPI National Provident Institution and the oldest Mutual of them all Equitable life all of whom had always invested predominantly in the UK Stock Market. I think it us fair to say that Gordon Brown has lost more money from peoples pension finds than Robert Maxwell ever did.
By eliminating the Ability of the Pension Providers to reclaim the taxation element of their income he helped create a stock market crash as the concept of investing for Tax Free income was now far less attractive.
More so I wrote to the Prime Minister on 4th February and have yet to receive any form of substantive reply. Mr G Edwards of The Direct Communications Unit did kindly acknowledge my letter on the 18th February and says has passed it to the treasury?
What is the point in having a communications unit if they cannot communicate?
I am not asking for Rocket Science simply a reply.
It is clearly less than acceptable that a former Chancellor of the Exchequer will not take responsibility for his actions and will not reply to simple letters and pass them off to the treasury to be dealt with when they are matters that he is responsible for.
I enclose copies of correspondence to the Prime Minister and Mr G Edwards at the Non Communications Unit which I hope are self explanatory.
I was a member of Equitable Life which failed under the watch of your predecessor and the Labour Government.
The failure I believe is due to your predecessors recklessness in removing ACT at a stroke and by the lack of proper supervision by your government of Equitable Life.
Perhaps you could either chase up the treasury to reply to me or indeed have a word with the PM the next time you see him and see if he can spare the time to reply to me.
Also can you let me know please what action is in hand to reimburse policy holders like me who have suffered by the collapse of Equitable Life?
Perhaps Allastair Darling does not wish to reply in case the "Forces of Hell" are let loose on him again!!!
