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Editor's letter: Personal accounts: 1, Equitable Life: 0.(Editorial)

Byline: Padraig Floyd - Editor

Voltaire once said it is dangerous to be right when the government is wrong. We may live in less enlightened times, but times have certainly changed.

Eight months ago, I attended a dinner for financial jounalists to meet minister for pensions reform Mike O'Brien, and to quiz him on the pensions bill.

A couple of us pressed him as to why there were no provisions to prevent employers from offering inducements to get employees to opt out of personal accounts. We failed to get a satisfactory answer, and ever since then, O'Brien has pooh-poohed the assertion that employers would offer small bribes -or threaten redundancies -to discourage ...

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