Co-op leaves thousands of pensioners in financial distress

Sarah Coles
Co-operative Bank
Co-operative Bank

A campaigner has told the financial regulator that its actions to protect the Co-operative bank have caused duress and financial distress for thousands of pensioners. The regulator told the bank to stop paying interest to holders of certain types of Co-op bonds. Many of them are pensioners, who rely on them for income, and in some instances they need the money to pay their nursing home fees.

So what will happen to them now?