Row breaks out over banker pension protection

She claims the government's intervention in the banking sector effectively makes the taxpayer the guarantor for bankers' pensions, while all other workers have to rely on the overburdened Pension Protection Fund (PPF). She says the Government's approach raises a wider issue of fairness and social justice. But a Treasury spokesman rejects the claims and says there are no special deals for members of bank pension schemes. The spokesman says: "The Government does not own 100% of either Lloyds or RBS and does not intend to be a long term investor in either bank or any other banking in...