View more on these topics

Hutton to recommend move away from public sector DB

Lord John Hutton is expected to set out plans to strip public sector employees of their final-salary benefits when he reveals his blueprint for pension reform this week.

The Independent Public Service Pensions Commission’s final report will be presented to Chancellor George Osborne on Thursday.

It is expected to recommend all public sector employees are switched from provision based on final salary to career average, and resist calls for a salary cap to limit pension contributions made by high-earners.

Former Labour minister Hutton is likely to recommend that pension rises should be linked to earnings rather than the consumer price index, Money Marketing understands.

He will also suggest linking retirement age for public sector workers to the state pension age, which is due to rise to 66 for men and women by 2020.

Accrued rights are likely to be fully protected while sources say Hutton will propose the Government implements a “fairly gentle” transition to the new regime for current members.



Merchant House takes on 120 Clarkson Hill advisers

Merchant House Group has recruited 120 former Clarkson Hill Group advisers following the acquisition of the firm’s assets. It launched its financial planning division, Merchant House Financial Services, after the acquisition of Clarkson Hill’s assets in December and now has 32 IFAs registered with the FSA. It says the other Clarkson Hill advisers are going […]

Move to align VCTs and EIS is ‘dangerous nonsense’

Tax Efficient Review editor Martin Churchill has slammed the Office of Tax Simplification’s plans to align time limits and conditions for venture capital trusts and the enterprise investment scheme as “dangerous nonsense”. In its final report on tax simplification, published last week, the OTS suggests that the conditions to be met for investors and the […]

Jim Dunn appointed CML Scotland chairman

Scottish Building Society general manager Jim Dunn has been appointed chairman of the Council of Mortgage Lenders Scotland. Dunn takes over from Lloyds Banking Group head of housing development Douglas Cochrane. Dunn joined Scottish Building Society in January 1998 and has been employed in the financial services industry for more than 30 years. He is […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

Read more

Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm