The Government cannot claim to have introduced fair and sustainable pension reform without addressing the inequalities of public-sector pensions, say Opposition parties.Tory Shadow Work and Pensions Secretary Philip Hammond told Parliament that the Government must reopen the public-sector debate as a future Tory Government will not be bound by legislation that leaves the issue untouched. He attacked Work and Pensions Secretary John Hutton for not mentioning the issue in the White Paper and claimed that public-sector workers needed to bear the burden of reform as much as everyone else. Hammond said: “Can this Government look the British public in the eye and tell them they have to work until they are 68 to gain their basic state pension when it has surrendered to pressure from public-sector trades unions and agreed to retirement at 60 for the next 40 years?” LibDem pension spokesman Lord Oakshott attacked the Government’s “mean and timid” paper for ignoring the growing divide between public-sector pensions and millions of pensioners who have to rely on means-tested benefits.
The first Socially Responsible Investment (SRI) exam for financial advisers is now available online.The course and exam will be available to all advisers, regardless of their previous knowledge of SRI. It is launched by economie, the international organisation who work to promote and develop SRI worldwide. The Kitemark exam is moderated by Bournemouth University.Ecomomie believe […]
Aifa and AMI chairman John Gummer declared that housing inform-ation packs were a “load of old rubbish” at the AMI annual dinner last week. If Gummer (pictured left) was referring to home information packs, then the assem-bled masses in the audience were in raptures at the comments although although nobody could say what the mysterious […]
Alliance & Leicester needs to be sold if it is to achieve further growth, say leading mortgage brokers. The lender has been linked with takeover bids by Spain’s Banco Santander and French finance house Credit Agricole, which last week admitted an interest in A&L. Brokers believe that A&L has reached the peak of its growth […]
Citizens Advice reports that consumer credit problems have doubled
Back in May, Steve Herbert, head of benefits strategy at Jelf Employee Benefits, was involved in a Corporate Adviser magazine roundtable on the subject of pensions.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The High Court has ruled four people who ran a series of scam pension schemes must pay back £13.7m they took from victims. David Austin, Susan Dalton, Alan Barratt and Julian Hanson tricked hundreds of people over a two-year period to part with their savings and then squandered the money. The Pensions Regulator asked the […]
Money Marketing’s diary page brings you an account of all the curious goings-on in the world of financial services this week
Retirement Advantage has said it remains committed to the annuities market after being acquired by Canada Life last year. Retirement Advantage offers both a standalone annuity and an annuity within a drawdown wrapper. Canada Life also offers standalone annuities, so Retirement Advantage has decided to withdraw its own standalone product. This had led to confusion […]