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UK to spend less as proportion of income by 2050, according to IFS

An Institute for Fiscal Studies study of ten OECD pension systems has shown that only the UK will spend a lower proportion of national income on pensions by 2050.

Other countries surveyed included Germany, France, Canada and Australia.

Despite this, the combination of state benefits, means-tested benefits and private pensions mean that the incomes of pensioners are broadly comparable to those of other countries.


Transparency is clearly the way forward

Major lenders are fighting a price war using headline-catching low rates to attract consumer interest. Do you think the Council of Mortgage Lenders is justified in its campaign to try and force lenders to draw more attention to the redemption penalties these products carry?DS: I think any move to encourage transparency and notify the borrower […]

CML survey shows 5 per cent fall in repossessions in 1998

The number of properties repossessed by mortgage lenders fell by 5 per cent in the second half of 1998 The latest Council of Mortgage Lenders figures show the number of repossessions dropped to 16,510 in the second half of the year from 17,310 in the first half.But it says the total number of repossessions in […]


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