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Government likely to ban early retirement

A report is circulating that the Government will shortly announce plans to stop people from retiring before the age of 55.

The Times newspaper reports today that the social security secretary Alistair Darling will announce on Thursday his intention to repeal the tax breaks currently offered to people retiring between 50 and 55.

According to the report, the tax incentives will still be offered, but only after the age of 55.

The Government is believed to want to reverse the trend of firms using increasingly younger workers, shedding older ones in the process.


Mortgage 2000 steps on to the platform

Mortgage 2000 is meeting IFAs to promote its new online trading platformand discuss future trends in the industry.It has scheduled 18 semin^_ars at various locations thr^_ou^_ghout the UK in May and June.They begin in Ches^_ter on May 2 and wind up in Lon^_don on June 29.The new platform, called e-mortgage, will launch on the same […]

Sub-prime lendertops 1bn

Sub-prime lender igroup says it has become the first non-conformist lenderto complete mortgage business over 1bn.The company, formerly known as Ocwen UK, was launched in July 1998.Chief executive officer Joseph Dlutowski says: “The whole sector isenjoying huge growth because ourselves and other lenders offer innovativeand affordable products that are attractive to people, many of themprofessionals, […]

Stakeholder-friendly choice

Scottish Amicable has introduced the Premier group personal pension, a“stakeholder-friendly” plan.The panel compare the plan with Clerical Medical&#39s Staff-Link companypension plan and Scottish Mutual&#39s Universal group personal pension.Looking at the market suitability of the plans, Cotter says: “The ScottishAmicable plan offers all the elements you would expect from a prov-iderwhich is trying to make a […]

Stay the course with common sense

I am not currently involved in the mortgage market. How^_ever, I have manyclients with existing endowment policies who are concerned about theadverse publicity regarding the prospects for their plans.It would be naive to expect a balanced view in the media although,surprisingly, there have been on or two positive comments in certainnews^_papers over recent weeks.The most […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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