Len R, a former offshore electronics engineer (who prefers to withhold his surname) and action group member from Aberdeen, had two pension funds when he had to stop work in 2005 after a series of cardiac operations.
The Financial Services Compensation Scheme (FSCS) has pulled a lifeline from Scottish investors who were sold a "toxic" product by advisers on big commissions, and who fear losing much of their pensions.
THE Coalition Government's plans to make money lessons compulsory in England come four years after the Scottish Government vowed to build a curriculum that would instil some financial wisdom in younger generations.
The Government's plan for compulsory pensions at work is threatened by a new mis-selling spectre, with employees at risk of seeing a significant proportion of their contributions disappearing in adviser charges.
THE Government should loosen rules for the National Employment Savings Trust that forms the centrepiece (Nest) of its plans for pension auto-enrolment, according to the work and pensions committee chaired by Aberdeen South MP Dame Anne Begg.
With inflation running at 2.7% a year and salaries rising at just 1.7%, there is no end in sight to the financial misery – and that means it is more important than ever to make your savings work as hard as possible.
Investment managers hoping to lure savers from low-interest Isas are under the spotlight after a survey revealed 64 funds worth £12 billion are more than 10% adrift of the market over three years, a raft of blue-chip Scottish-managed funds among them.