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CA says Green Paper tinkers with pensions crisis rather than tackling it

The Consumers&#39 Association says it is disappointed with the pensions Green Paper saying it its tinkering with the pensions crisis rather than tackling it.

The watchdog says despite findings from its recent survey which reveals that nearly half the UK workforce are not saving for a pension, the Government has failed to address the key issues that would help solve the crisis.

It criticises it for ducking the difficult decisions and putting the solution in the hands of the industry.

CA director Sheila McKechnie director says: “Today&#39s proposals have exposed the Government&#39s complacent attitude towards the pensions crisis.”


Britannia International – 5 Year Guaranteed Capital Equity Bond (Issue 12)

Monday, 16 December 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £1,000 Place of registration: Isle of Man Investment split: 100% linked to the performance of the FTSE 100 index Guarantee: Capital returned in full regardless of the performance of the index Yield: […]

Premier creates second tranche of bond

Premier Fund Managers has brought out a second issue of the extra income and growth plan, a guaranteed equity bond that is linked to the Dow Jones Eurostoxx 50 index for five years.This product provides investors with a choice of annual income at 6.25 per cent, monthly income of 0.5 per cent or growth of […]

Shock as pension overhaul leads to single tax regime

IFAs have been stunned by the radical overhaul of the pension regime proposed by the Government which will see the eight existing tax rules rep-laced by a single regime.From 2004, current annual contribution limits will be replaced by a single indexedlinked lifetime limit of £1.4m on an individual&#39s pension fund at retirement.Individuals will also be […]

Independent view

Watching Question Time on TV recently, one particular discussion caught my attention. It focused on higher education, particularly how the costs of funding an increasing number of students should be met.At this point, I should state that I graduated in 1997 with a degree in financial services from UWE, Bristol. I was lucky in that, […]


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