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Women facing pension poverty

The Equal Opportunities Commission is calling upon the Government and financial advisers to prevent low paid women from facing impoverished old age.

Many women on low incomes don&#39t pay National Insurance and have not built up their own pensions entitlement.

An EOC study concentrated on a sample of 60 low-paid women in the hotel and catering industry, but is this is thought to only “scratch the surface of a much wider problem” potentially effecting 19 per cent of all women in employment.

EOC senior press officer Boni Sones says: “We are asking the government to educate these women. Financial advisers also have a role to play even if its doesn&#39t seem lucrative, they have a social responsibility.”



A&L boardroom shuffle

Alliance & Leicester is shaking up its boardroom line-up.The move sees the return to the board of former Proctor & Gamble executive Michael Allen following his departure18 months ago. A&L treasurer David Bennett also joins the board following promotion to main board level. The promotion follows what the bank said was a recognition of the […]

High tech stock jitters

Private investors experienced the volatility of high technology shares as stocks sank across Europe yesterday.London&#39s Techmark 100, the stock exchange&#39s grouping of technology companies, fell by 114 points, 3.3 per cent, to 3,369. Its German counterpart, Frankfurt&#39s Neuer Markt Top 50 fell 3 per cent, while Paris&#39s Nouveau March fell 7 per cent.The private investors […]

Sloc pledges windfall bonanza

Sun Life of Canada has voted to demutualise giving more 235,000 UK with profits policyholders windfalls of up to £3,300.Worldwide 450,258 voters came out in favour of the life office&#39s proposal to demutualise and float as a plc next year. Only 2 per cent of the vote went against demutualisation.All with-profits policyholders will receive a […]

Attack on Government pension planning blight

The National Association of Pension Funds has attacked the Government for making creating a “planning blight” causing uncertainty in company pension schemes .The climate of uncertainty is being created by the Government&#39s continued consultation on stakeholder pensions. The NAPF annual survey of 700 pension schemes revealed 72 per cent of money purchase company pensions still […]


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