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Ombudsman report delayed again

The Parliamentary Ombudsman’s report into whether Government “maladministration” harmed members of occupational pension schemes in wind-up has been delayed again, possibly until next March.
The report was expected in the Summer but was then delayed until the Autumn as the Government had requested to see new evidence.
Ombudsman Ann Abraham has sent a letter to MPs and complainants saying the report will now be published by March 2006 at the latest.
LibDem shadow work and pensions secretary David Laws says: It is critically important for the Government as serious and searching questions are asked about the information provided by Government departments, the decisions taken on the minimum funding requirement and possible maladministration by the National Insurance Contributions Office.


Massow’s way out

I read with interest your articles about Ivan Massow. His beef appears to be that as he did his best by his clients and as the products he effected for them were – according to him – best suited to their circumstances, he should be let off and not subjected to a treatment he call […]

Professional touch

The IFP ran its first regional conference in Scotland on November 1.

Rics reports largest increase in new buyer enquiries for two years

Royal Institute of Chartered Surveyors reports the largest increase in new buyer enquiries in two years.The Rics British Housing Market Survey, November 2005 shows the fourth consecutive month of increases.The number of chartered surveyors reporting price falls for October dropped to 9 per cent, down from 21 per cent in September. Buyer interest is still […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]


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