View more on these topics

Turner to recommend increase in pension age, says leak

The Turner Report will recommend the state pension rising to 67, as well as a new national pension savings plan offering charges of around 0.2 per cent a year, according to a national newspaper leak.
The leak also suggests an increase to the basic state pension, paid for by the increase in pension age from 65 to 67.
The new savings plan is to be named Britsaver, with individuals automatically enrolled and contributions collected through a pay-as-you-earn system offering a limited number of funds to choice from.
The newspaper says minimum contributions could be around 6 per cent, split equally between employer and employee, with the aim to charge around 0.2 per cent a year.

Recommended

Application of the law

Contract law A review of the legal position regarding non-disclosure aims to strengthen protection for consumers in cases where genuine mistakes occur with policy applications, says Scottish Widows protection market director Nick Kirwan

Raking over the ashes

Sonia Speedy continues her round-the-world tour of some of the pension models being touted for the UK by visiting Australia, land of compulsory contributions, where concerns are growing that recent changes on fund choice could bring widespread misselling

Chadborn offering franchise scheme

IFA firm Chadborn Baker & Kearle is changing to a franchise-style business model. It is devolving ownership of the company’s three branches to local managers who will run the businesses under the Chadborn Baker & Kearle brand. CBK (Colchester), CBK (Nottingham) and CBK (Swansea) will operate autonomously within the wider CBK group. Principal Peter Chadborn […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com