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Labour spends money on advertising; we&#39ll spend it on pensioners – David Willetts

Speaking at the Conservative Party Spring Forum in Harrogate shadow pensions secretary David Willetts panned Labour for spending £47m on advertising means-tested benefits. He promised that his party would cut the advertising &#39explosion&#39 by the Department for Work and Pensions.

Willetts said: “Why do you think there&#39s another expensive advertisement from the Government trying to get pensioners to claim the Pension Credit? It is because 2m pensioners who are entitled to the Pension Credit are not claiming it . They don&#39t like the complicated means tests. We won&#39t abolish the Pension Credit. But we will increase the value of the basic state pension by earnings so that fewer pensioners depend on means tested welfare.”

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Skills of former Equitable board inadequate – Penrose

The skills of Equitable Life&#39s former board were inadequate for the job and it never got to grips with the society&#39s true financial position, according to Lord Penrose in his report on the insurer.Penrose says critical responsibilities for valuing liabilities, assessing the liability implications of new products and identifying and monitoring risk were carried out […]

Digest

The Diary would like to warn readers against becoming too enthusiastic at conferences. It seems there was more going on at the Funds Network IFA Forum in London than just the usual fund manager chit-chat. The delegates got rather carried away with the conference&#39s Superstars theme. Things got so competitive that First State&#39s Richard Jones […]

Who should be compensated not part of inquiry – Penrose

Despite Equitable Life policyholders have suffered “much worry and distress” as well as “real financial hardship” from the insurers&#39 near collapse, Lord Penrose has not gone so far as to identify who is at fault and who should get redress.In his report released today into what went wrong at Equitable, Penrose says it was no […]

Downing Corporate Finance – Nu Nu

Type: Enterprise investment scheme Aim: Growth by investing in children&#39s day nurseries in the UK Minimum investment: Lump sum £2,500 Closing date: April 5, 2004 for 2003/2004 tax year, July 30, 2004 for 2004/2005 tax year Charges: Initial 6.5% Commission: Initial 2.5% Tel: 020 74114700

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.

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