View more on these topics

LibDems outline plans for citizen’s pension

The Liberal Democrats’ manifesto promises “fairness and opportunity’, promoting their citizen’s pension and meas-ures aimed at achieving economic prosperity.

The manifesto spells out the LibDem’s citizen’s pension proposal with a guaranteed basic pension of 109.45 a week, increasing with earnings for anyone over 75.

The LibDems say this would immediately remove a million pensioners from means-testing and they would hope to widen the scheme to include 65-74-year-olds although without specifying a timescale. The citizen’s pension would benefit women and carers who have built up low levels of National Insurance contributions as it will be based on residency.

The manifesto pledges to ensure that workers whose schemes went bust before the pension protection fund was set up will benefit from the same level of cover that the PPF now offers.

The LibDems would also scrap child trust funds, which are described as “wasteful new initiatives”.

The manifesto promises to tackle irresponsible credit expansion on mortgages and personal loans by curbing misleading advertising and anti-competitive practices.

LibDem Shadow Work and Pensions Secretary Steve Webb says: “These principles of fairness and opportunity are close to the hearts of the British people and are values held deeply by Liberal Democrats.”

Plan Invest investment manager Paul Barnes says: “They have highlighted imp-ortant issues but, like all pol-itical proposals, the problem is affordability.”


Clerical loans for IFAs to pay PI and regulatory fees

Clerical Medical is introducing a new insurance premium funding product offering advisers loans to pay regulatory levies and professional indemnity insurance premiums in instalments. The loan does not require security and can be repaid quarterly, or in six or 10 monthly instalments. Interest rates on repayments are fixed, depending on the loan term and amount. […]

Shooting from the Hip

There has been much deb-ate recently about the housing market’s abilities and desires to produce home information packs and the options available to them.

PFS has not had its final say on commission

I am afraid that Harry Katz in his recent letter in Money Marketing headlined, Prac-tical knowledge beats the consultants, does not clearly reflect the context in which I commented about the ABI commission paper.

Time to transfer?

In my previous piece in this series of articles examining recent and imminent changes to pension planning, I started to concentrate on issues affecting the decision as to whether or not an early leaver from a final-salary scheme should consider transferring their benefits to a private pension arrangement. I discussed the vital importance of considering […]

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


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 thought leadership.

    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