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Why don&#39t we have a pensions minister?

Pension guru Stewart Ritchie has blasted the Government for showing a lack of concern for the pension crisis by failing to appoint a pensions minister.

Former pensions minister Ian McCartney was app-ointed chairman of the Labour Party in early April and is yet to be replaced.

Scottish Equitable pensions development director Ritchie says the Government&#39s failure to appoint a new minister in the midst of the biggest overhaul of pensions for a generation meant it could not expect the pension industry to implement the Green Paper by April 2004.

Ritchie said: “I find it amazing that we are in this situation of not having a pensions minister. It suggests that the Government does not think the problems are such that we need a minister.”

PIPS pension consultant Barry Dixon says: “It is extraordinary that the Government can&#39t be bothered to appoint a new minister. It shows they don&#39t think there is a pensions crisis.”

A Downing Street spokes-man says: “We do not comment on Cabinet reshuffles. The Prime Minster will decide in his own good time.”


Most pensioners in the dark over free nursing care

The vast majority of pensioners and their families do not know if they are entitled to free nursing care from their local authority, according to longterm care specialist the Care Funding Bureau.It reports that following the publication in February of the Health Service Ombudsman&#39s damning report on the guidance on eligibility of patients for NHS-funded […]

Liberty Ermitage discovers golden opportunities

Liberty Ermitage has established an offshore Oeic that aims for capital growth by investing in gold and precious metals. The Liberty Ermitage gold & resources fund will invest in a combination of gold & precious metal stocks and specialist gold funds. Large caps comprise the largest weighting in the portfolio at 32 per cent, while […]

Safety nets for 40% downside

Structured product provider Nvesta is launching the latest two in its series of index tracker plans, offering downside protection if the FTSE 100 falls by up to 40 per cent.Quad Tracker Plan 2 is a six-year plan which offers four times the growth in the index up to a maximum of 80 per cent. As […]

J O Hambro Capital Management – European Select Values Fund

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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