View more on these topics

Tories boycott conference to discuss care costs

The Conservatives are refusing to take part in a conference about the funding of social care for the elderly.

According to the BBC, Labour and the LibDems will join care providers and charities to discuss care service costs, the proposed national care service and other options set out by Government in a Green Paper on how the means-tested system could be overhauled.

However, the Tories are not attending, says the report. The party’s decision comes after Shadow health secretary Andrew Lansley said he would only attend a meeting if Labour scrapped any plans for a 10 per cent levy on death to fund long-term care.

Speaking on GMTV this morning, Health Secretary Andy Burnham said the issue of funding long-term care is an issue “to big” for one party to deal with.

Yesterday the Audit Commission issued a wake-up call to councils, warning that if care costs increase in line with the ageing population, they could almost double by 2026.



Another stockbroker fined by FSA

The FSA has fined Glasgow-based stock broking firm Direct Sharedeal Limited £101,500 after its appointed representative, First Colonial Investments, used misleading sales pitches which failed to set out the inherent risks of buying penny shares.

NAPF fights tax relief restrictions

The National Association of Pension Funds has set up a working party to lobby against the Government’s restriction to tax relief on pension contributions and is calling for the annual allowance to be reduced to between £45,000 and £75,000 instead. Senior policy adviser David McCourt says the Budget move to taper relief for people earning […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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