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DWP may allow low earners to work and claim pension

The Department for Work and Pensions is considering allowing people who choose to continue working after the retirement age to claim a pension and keep all of their wages.

According to the Telegraph, the DWP is considering scrapping rules that mean workers on low and medium wages lose their entitlements to pension credit once they earn more than £5 a week.

The plans are part of a push to reduce the retirement costs of the baby boomer generation. In 2012 the number of people turning 65 is expected to increase from 650,000 to 800,000.



Marlene Shalton

The new president of the Institute of Financial Planning describes how she uses skills gained as a probation officer to gain a person’s trust and understand their financial needs Interview by Lee Jones

Scrapping FSA is condemned

Scrapping the FSA for a new regulatory structure is an exercise in “rearranging deckchairs” and will have no significant impact on regulation, according to LibDem Treasury spokesman Lord Newby. Speaking at a fringe event at the LibDem conference this week, Lord Newby said: “The whole of that reorganisation is just rearranging deckchairs on a beach […]

OBR chief wants guidance over whether to answer requests from opposition

Office for Budget Responsibility chair Robert Chote has questioned whether the body’s economic resources should be made available to opposition parties. Chote, who is also director of the Institute for Fiscal Studies, was formally appointed as OBR chair by the Treasury select committee last week. The OBR was set up by the coalition Government to […]

Saving face to face

We were early adopters of the Skandia platform in CBK’s formative years, attracted to the broad range of quality funds and modelling tools. We had all graduated from a tied and bancassurance background and were busy impressing clients with our ability to pick funds and structure portfolios to outperform sector benchmarks and our clients’ existing […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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

  1. Yet another incident of what some might argue persecution of those who have bothered to make private provision for their retirement.

    The clear answer is to get rid of pension credits, raise the State pension, and not penalise those who have taken the efforts to provide for their retirement.

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