View more on these topics

AS 2011: State pension age to start rising early

Plans to raise the state pension age for men and women to 67 are to be accelerated.

Under previous proposals, the state pension age was to rise to 67 for men and women between 2034 and 2036 but this will now happen between 2026 and 2028.
Chancellor George Osborne said the decision will save the Treasury £59bn.

He said: “Starting in 2026, we will increase the state pension age from 66 to 67 so we can go on paying a decent pension to people who are living longer.

“This will not affect anyone within 14 years of receiving their state pension today and, by saving a staggering £59bn, it will mean a long-term future for the basic state pension.”

Anand Associates managing director Bhupinder Anand says: “With the economy in dire straits and longevity continuing to rise, it was inevitable that the Government would bring foward the increase in the state pension age to 67.”



S&P “concerned” over M&G’s Woolnough fund size

Standard & Poor’s is “becoming concerned” by the increasing size of Richard Woolnough’s £5.5 billion M&G optimal income fund, according to its latest report on the portfolio. The ratings agency points out that the fund’s size has continued to “increase significantly” over the past year, when it doubled in size to pass the £5 billion […]


FSA fines network head £49,000

The FSA has fined Julian Harris, the sole proprietor of Julian Harris Financial Consultants and the sole shareholder of Julian Harris Mortgages Limited, £49,000 and banned him from acting as a compliance officer. The FSA says between October 31, 2004 and July 22, 2010, Harris, who was responsible for the two networks, failed to perform […]


Axa puts Bluefin up for sale

Axa has confirmed it has appointed Fenchurch Advisory Partners to assist in the sale of Bluefin Advisory Services. Axa says the move follows a number of expressions of interest while reports suggest the arm, which includes Bluefin’s wealth management and corporate advice businesses, could be sold for £100m. The Sunday Telegraph reports a management buyout […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. why is it that my pension is badly reduced because of the following: I paid married womans stamp because the main stamp was too expensive for part time work, if I had not worked and been collecting dole money instead I would have got the full state pension!! So I not only did not take money from the government but I am now being penalised because I earned my own money. Also when I got married for the 2nd. time my pension w as based on my new husband being 65, some friends of mine who are living with their partners, and previous husbands being under 65, although they are divorced still get entitlement from their ex-husband, what difference does it make being married, we are being penalised again. Also when they bring in the new pension of £140 I understand it is for people born after 1953, all people after 1953 paid the full stamp as it was then when they were working that the stamp was a percentage of pay not an actualy amount, which did make it fairer for everyone, but these people will automatically get the full pension. Have I done something wrong in bring up my own children and not having any money fromthe government, going to work when they were old enough and not staying on the dole, all saving the government money, so people who did those things now get a full pension and I get about £74 per week – what is wrong.

Leave a comment