DAN HYDE: We'll by no means finish our battle for equity

Hanging on the wall of our workplace is a framed copy of Cash Mail’s first version, revealed on September 28, 1966. In just some months’ time we’ll have the ability to rejoice a golden anniversary.

Launching the primary version, the inaugural editor Patrick Sergeant stated: ‘That is an thrilling new enterprise and, over the subsequent few months, we will look to readers to ask us for the recommendation they need. They are often positive we’ll spare neither effort nor expense to assist them.’

At this time, as I take over from James Coney as the brand new Cash Mail editor, these pledges ring more true than ever.

Pension tax relief cuts: The Chancellor listened to Money Mail's warnings and put his plans on ice

Pension tax aid cuts: The Chancellor listened to Cash Mail’s warnings and put his plans on ice

I start with old style values of working tirelessly for you. And I intend to proceed preventing your nook as exhausting as we’ve all the time accomplished.

Over the previous half a century it has been the partnership between you, our readers, and our workforce of journalists that has underpinned every of our successes. We might by no means have gained compensation for the lots of of hundreds who misplaced their firm pensions within the Nineties with out telling your tales.

Nor might we’ve satisfied Gordon Brown to chop financial savings tax to 10p, freed six million youngsters from dud funds, gained freedom from rip-off pension annuities or uncovered the reality behind mortgage endowment mis-promoting.

So thanks in your letters, calls and emails. Please maintain them coming. Nothing makes me angrier than listening to you’ve been ripped off or fallen foul of a grasping financial institution or insurance coverage big. However nothing provides me higher pleasure than seeing the state of affairs put proper.

I’ve spent virtually a decade writing about cash and its historical past – within the early days as a younger reporter for the Mail and now as an editor.

It’s clear that the tempo of change has sped up with the web growth and the arrival of cut up-second communications. I’m apprehensive concerning the rise of digital banking and older individuals being marginalised as branches shut and our mobiles turn out to be our wallets and keys.

We’re all being put in danger by the horrifying scale of on-line fraud, which the police appear unable to regulate.

With criminals exploiting our knowledge extra simply than ever, it’s regarding to see how a lot time and delicate info our younger individuals give to social media resembling Fb and Twitter.Giant corporations are more and more utilizing computer systems to make life-altering selections about mortgage purposes or pension payouts. I fear we’re dropping contact with human values.

Online banking: 'I’m worried about the rise of digital banking and older people being marginalised as branches shut and our mobiles become our wallets and keys', says Dan Hyde

On-line banking: ‘I’m frightened concerning the rise of digital banking and older individuals being marginalised as branches shut and our mobiles grow to be our wallets and keys’, says Dan Hyde

Such large modifications will, in time, end in new injustices and impediments blocking our method as we attempt to get on in life. Whether or not that’s battling grasping massive companies or the self- politicians who dictate our tax affairs. There can be many extra battles for Cash Mail to struggle.

I knew we needed to throw our weight urgently behind a marketing campaign to cease George Osborne raiding pensions. As a passionate campaigner, it’s massively gratifying to kick-off my time as editor with an essential victory.

As you can read here, for seven weeks I led Cash Mail in exposing why the Chancellor’s plot would have crushed center-revenue households and decrease-paid staff striving to save lots of.

Fortunately, the Chancellor listened to our warnings and put his plans on ice. Such as you, I fear that pensions are handled like piggy banks by politicians and insurers.

One of many largest challenges we face is companies sitting on unfair income – and claiming it’s ‘all within the phrases and circumstances’.

This doesn’t wash with me, notably given how very important the cash saved in previous funding plans has grow to be. In 1966, the typical sixty five-yr-previous lived to the age of seventy four.

At the moment, somebody of that age can anticipate to spend greater than sixteen years in retirement.

Who wants the cash extra – you or the corporate that’s exploiting small print to rake in billions of kilos that go as fats-cat bonuses to its bosses? It’s my agency perception that deceit and unfairness can by no means be justified and should all the time be challenged.

That’s why we’ll hold taking to process these highly effective forces making an attempt to squeeze you for revenue. And together with your assist, I consider we will win the battle to safeguard your monetary future – and people of your youngsters and grandchildren too.


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