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Falconer could sue Prime Minister over pension

Lord Falconer, the former Lord Chancellor, is planning to sue Prime Minister Gordon Brown after being prevented from claiming a bigger pension than other former Cabinet ministers.

According to reports, Lord Falconer claims that he is entitled to a bigger pension because of his position.

If he takes legal action, it is believed this would be the first case of its kind to be brought against the Government.

Lord Falconer drew the standard salary for Cabinet members in the House of Lords when he became Lord Chancellor in 2003, despite being entitled to more than double the £104,386 salary.

The Cabinet Office says his pension entitlement should be £52,193 but Lord Falconer believes this figure should be doubled.

Gordon Brown has refused Lord Falconer’s request to double his pension and Lord Falconer is now preparing his case against the Government.


Pensions minister pledges to review staff benefit anomaly

Aifa is calling on the Government to remove a tax anomaly which reduces the attractiveness to employers of providing pension advice to their employees.Director general Chris Cummings says that he raised the issue in a meeting with pensions minister Mike O’Brien last week and O’Brien has said that he will look into the matter.Currently, when […]

Negative note on absolute return funds

Leading investment commentators have branded absolute return funds as a marketing tool and warned investors against putting their money in them.Speaking at Money Marketing Live in Manchester last week, Thames River co-head of multi-manager Gary Potter said he is sceptical about absolute return funds.Potter said: “I question what absolute return funds really mean. They are […]

Amber Homeloans to withdraw products

Amber Homeloans has announced to brokers that it will be withdrawing all current products – with the exception of SC100 – at close of business on November 13.It says that these products will be removed from its online DIP and KFI, and from sourcing systems, at close of business November 13 . All direct cases […]

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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