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‘Turner-type report needed for public sector pensions’

The Liberal Democrats are calling on the Government to commission a Turner-style report to address the way forward for public-sector pensions.

Speaking at a Politiea conference in London, LibDem Shadow Work and Pension Secretary David Laws said such a report should consider how to make the schemes sustainable in the future.

Laws said Lord Turner’s recommendations had gone a long way to solving a potential pension crisis but similar work must now be done on public-sector schemes for reform to be truly effective.

He said an independent commission working in a similar way to Turner’s, but not necessarily using the same staff, would be the best way of suggesting reforms.

He added that the phased implementation of private- sector pension reform over the next few years meant the time was also right to bring in reform of the public sector.

Laws said: “We need a second version of Turner to shed light on public-sector pensions by looking at proposals that will make them sustainable in the future.”


Lehman aims to lead non-standard market

Lehman Brothers has unveiled plans to challenge HBOS in non-conforming mortgages after merging two subsidiaries to create a non-standard giant. The firm wants to be market leader in the non-standard sector and claims it is already number three after amalgamating Preferred and SPML’s operations. It says London Mortgage Company, which it recently acquired, could join […]

Online teaching aids from Sesame

Sesame is working with the Chartered Insurance Insti- tute to create a series of online teaching aids which they hope will “help drive up standards of professionalism and good practise across the industry”.The teaching programme is being set up to extend adv-iser knowledge in areas such as investments, pensions, protection, mortgages, mortgage-related general insurance, taxation […]

IFA firm Montpelier doubles stake in Millfield

International IFA firm Montpelier has emerged as a potential white knight for Millfield after it doubled its shareholding in the firm to 10 per cent. Montpelier chief executive David Yelloly says he wants to have talks with Millfield’s board and is confident Montpelier could provide a substantial cash injection and offer a new home to […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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