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Webb attacks Government pension lies

The Liberal Democrats have called the Government to bite the bullet on compulsory pensions and stop telling the public lies about its failing pension policies in damning attack at the NAPF conference in Brighton.

Lib Dem work and pensions spokesman Steve Webb said the Government was guilty of undermining pensions while at the same time paying “lip service” to the issue of savings shortfalls.

Webb said forcing employers to make contributions alongside Government rebates would sweeten the pill of compulsory pensions for individuals.



“Yes, on balance. I have a problem with Royal & Sun Alliance, their administration can be poor. Maybe if they don&#39t have their investment arm, their service to IFAs will improve.”Terry Stevens, Centre Financial Services“Royal & Sun Alliance is not bad and neither is Friends Ivory & Sime but I can&#39t get that excited about […]

Serps&#39 creator Barbara Castle led the fight for fair play in pensions

The creation of a supplementary state pension scheme which actually worked is one of the most overlooked but significant achievements of fomer Labour minister Barbara Castle, who died last week aged 91.As Health and Social Security Secretary from 1974 to 1976 during Wilson&#39s Government, Castle created the state earnings-related pension scheme, which many advisers regard […]

Barclays guarantees savings

Barclays Bank has introduced another issue of its guaranteed equity savings bond, which divides investors&#39 capital equally between a guaranteed equity bond and a high interest account.The high interest account element is a one year fixed-rate bond that pays interest of 8 per cent. It allows investors to make emergency withdrawals of at least £1,000, […]

Norwich and Peterborough – Five Year Fixed Rate Bond

Wednesday, May 8, 2002Type: High interest accountMinimum-maximum investment: £1,000-£500,000Interest rates: 5.4% gross a year, 5.27% gross a monthTerm: Five yearsOffer period: Until further noticeWithdrawal penalties: No penalty provided £1,000 remains in thebond. Otherwise 180 days’ loss of interest on amountwithdrawnTel: 0845 3002511


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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