Co-op pensioners have turned a corner

Pensioners who were invested in Co-op bonds are finally coming to the end of their ordeal that has left them in limbo since May when the bank was downgraded to junk status.

Investors have voted in favour of the Co-operative Bank's rescue plan that will see them vote to keep their interest payments, which may pensioners use to top up their pension income, and forgo their capital or receive reduced interest payments but receive some capital back.