Pensioners protest in underwear

Pensioners in their underwear protested outside Parliament today at the "complete injustice" of losing out on their private pension schemes.



Around 50 people attended the demonstration, during which several removed their clothes and held a banner which read: "2009 and still stripped of our pensions".

It was the latest protest organised by the Pensions Action Group over the past seven years.

The group says workers whose pension schemes collapsed have still not received the full amount they are entitled to, despite the schemes having been guaranteed by the Government.

One of the organisers, Andrew Parr, 64, suffered a loss to his pension when the manufacturing company he worked for on the Isle of Sheppey in Kent got into difficulties.

He said: "At the time I was 60 years old. The chances of me building up any money for a pensions scheme were non-existent.

"I couldn't save that sort of money in just four or five years.

"It affects everything. Pensioners are particularly vulnerable to inflation because the things that pensioners pay the most money for are travel, electricity, council tax and gas - the things that are going up in price."

The group achieved a partial victory in December 2007 when the Government promised they would get 90% of their pensions, but the protesters say most have only received 50%-70%.

They say this is because of a number of factors, including the fact that some schemes offered retirement from the age of 55 and benefits to long-serving employees, which have not been taken into account.

Willie Riggans, 68, from Ayr, Scotland, lost out when the engineering company he worked for went into administration in 2001.

Mr Riggans said: "We were told it was safe. We were told it was guaranteed.

"The Government told us to join and save for our retirement. We did everything that was asked of us and now we find ourselves in this position."

He added that the Government had told them it would be unfair to make taxpayers fully fund their pensions but "you can see where the taxpayers' money is going at the moment across the road".

Adrian de Segundo, 67, from central London, worked for a mechanical engineering company.

"It's a complete injustice. We should have a Parliament who maintain standards and integrity, but we haven't got that.

"They are fiddling their expenses and allowances. It's so petty and mean," he said.

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

SEN Teacher, Permanent Role in Ashford

Competitive Salary: Randstad Education Group: Randstad urgently seeks a qualif...

SAP BI CONSULTANT

£55000 - £65000 per annum + Benefits: Progressive Recruitment: SAP BI CONSULTA...

Infrastructure Manager - Southampton - Up to £45K

£35000 - £45000 per annum + 36 days holiday and more: Deerfoot IT Resources Li...

Drama Teacher

Negotiable: Randstad Education Liverpool: We are looking for someone who can t...

Day In a Page

A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice