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PPI: Govt reforms could hit people with health issues


Syndaxi Chartered Financial Planners managing director Robert Reid (pictured) says: “The impact of health issues is something the Government needs to recognise in its future policies.”

The report also says 45 per cent of today’s over 50s may have to work and save for 11 years or more beyond their state pension age if they want to replicate their working life living standards in retirement.

A DWP spokeswoman says: “Life expectancy is increasing dramatically, so we have raised the state pension age to make sure the state pension remains sustainable for the future. And it is important that people have the opportunity to work longer if they want to, which is why we have removed the default retirement age.”


warren buffet

Buffett will continue working during cancer treatment

Veteran billionaire investor Warren Buffett says he will continue working despite having been diagnosed with stage one prostate cancer. Buffett is company chairman and chief executive of conglomerate holding company Berkshire Hathaway, which oversees and manages a number of subsidiary companies. Shares in the company fell by 1.8 per cent from 120p at 10am on […]

Data recovery

There is a growing sense of frustration from brokers at the difficulty in placing and managing mortgages through to completion. It seems both lenders and brokers would benefit from two-way communication on all things criteria-related. The number of criteria changes and the speed of their implementation is a crucial issue for many brokers, especially when […]

Standard Life’s platform assets up 26%

Standard Life increased the total assets under administration on its platform by 26 per cent from £10bn to £12.6bn to the year ending March 31, 2012. In a first quarter interim management statement released today, the firm says the total assets under administration in the UK increased from £11.4bn in the three months from the […]


Poor DC governance hitting confidence

Industry experts say a lack of good governance risks undermining employee confidence in defined-contribution pension schemes. Speaking at TheCityUK’s pension conference in London last week, Financial Services Consumer Panel chair Kay Blair said that governance levels in defined-contribution schemes continue to lag behind those in defined-benefit schemes. She said: “I think governance in defined-benefit schemes […]


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