Editorial - Dear Gordon

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We realise you have your eyes on "the top job" and decisions made 10 years ago probably seem like a dim and distant memory. But your first days as New Labour's chancellor had a profound effect on occupational pensions - and continue to do so today.

We are sure abolishing advanced corporation tax credit seemed like the right thing to do at the time. Pension schemes were generally in surplus and many sponsors had been enjoying long contribution...

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