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Blair wants pension credit to be axed

Tony Blair has told a national newspaper he wants pension credit to be phased out, putting him at odds with the Chancellor.
LibDem work and pensions spokesman David Laws says the statement has made Gordon Brown look even more isolated. Laws says it is now time for the Government to act to end means-testing by bringing in a higher universal state pension.
Blair also told the paper he supported DTI secretary Alan Johnson’s deal allowing public sector workers to continue retiring at 60.
Laws says: It is not working for future pensioners, because as Lord Turner has said ‘significant future growth of means-testing would… undermine voluntary private pension saving by the very groups of people… most in danger of under-provision’.


RBS brings four brands under single umbrella

The restructure follows RBS canvassing brokers about how it could better define the difference between The One Account, First Active, RBS and Nat-West’s product lines – as revealed by Money Marketing in April – after it was criticised for a perc- eived lack of focus. From February, under RBSIP, each of the four brands will […]

‘Refinancing deal will be in place for full hearing’

Berkeley Berry Birch says it will complete refinancing before its full FSA hearing in February and denies it will dump any liabilities on the Financial Services Compensation Scheme. BBB non-executive director Jonathan Hall says the capital deficit, currently 10.9m, will be met through investments from directors and senior managers and disposals of non-core businesses such […]

Menu served up on gold plates

After GI Day in January, the industry waited for with bated breath for June 1 and the onset of depolarisation.Some firms readied their multi-tie arms while others scrambled to prepare their payment menu documents. IFAs argued that the FSA had got its sums wrong and had set the market average far too low, making advisers […]


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