Pensions & Benefits

Baroness calls on Ministers to engage in pensions advice crisis debate

final ILC_logo_JPEG_fileFollowing the publication of ILC-UK’s report “The Retail Distribution Review and Small Pension Pots” in March this year, the leading think tank dedicated to addressing issues of longevity, ageing and population change, has today announced that it will host a Retirement Income Summit at the Actuarial Profession, on 20th June 2012. 

The Summit is supported by the UK’s largest insurer Aviva and pensions specialist Partnership.

Read more...

Survey of occupational pension schemes

opaThe Occupational Pensioners’ Alliance has published its annual survey of members’ schemes for 2011. 

The survey is unique in that it is conducted amongst the end-users of pensions, rather than the providers and therefore provides a very different but vital viewpoint. It covered issues of finance, scheme governance, communications and responsible investment policy.

Read more...

David Gauke ‘no cash losers’ spin

NFOPThe General Secretary of the National Federation of Occupational Pensioners (N.F.O.P) has accused Economic Secretary David Gauke of “bending the truth to suit his political needs” when he stated that pensioners will not lose out due to the freeze on age-related tax allowances.

General Secretary Roger Turner said that Mr Gauke’s comment was no more than spin and deliberate selection of data to make his point. Although the statement might be true if taken in isolation, a closer look at all the relevant data paints an altogether different picture.

Read more...

Half of older people will have to work for years after their state pension age

age uk_logoNew figures from a report by the Pension Policy Institute (PPI), “Retirement Income and Assets: the implications for retirement income of Government policies to extend working lives”  show that half the  workers aged between  50 and the State Pension Age  (SPA) will have to work at least six years  past their SPA – and most  at least 11 years – if they want  to maintain a reasonable standard of living.

Read more...

Research uncovers stigma around claiming benefits

A Turn2us logosurvey commissioned by Turn2us, part of national charity Elizabeth Finn Care, has uncovered some of the stigmas and negative perceptions of welfare benefits held by 55s and overs on low incomes - who could be in need of financial help.

The results are released as Turn2us holds its second annual Benefits Awareness Month, to encourage people in financial need to check their potential entitlements.

Read more...

Higher energy bills for many, despite mild winter

consumer-focus-logoNew research from Consumer Focus shows four in 10 people say their winter energy bill is even higher than last year,1 with almost a third saying their bill is higher than expected.2 This is despite one of the mildest winters in a decade which resulted in falls in energy consumption. The figures are particularly striking among those who pay by cash, cheque, or prepayment meter – many of whom live on low incomes. Over half of these customers say their winter energy bill is more expensive than last year.

Read more...

Pensioners react angrily to tax allowance vote

Pensioners rdot gibsoneact angrily to tax allowance vote Dot Gibson, general secretary of Britain’s biggest pensioner organisation, the National Pensioners Convention (NPC) reacted angrily to the result of today’s vote in the House of Commons over the proposed freeze on age related tax allowances.

Read more...

Stop and review the cuts to benefits and services which are falling on disabled people

Help us to stop and review the cuts to benefits and services which are falling disproportionately on disabled people, their carers and families.

The government were embarking on wholesale reform of the benefit system when the economic crisis struck.

Read more...

Joan Bakewell's call to action on 'Granny Tax'

Broadcaster, journalist and Labour peer Joan Bakewell has asked Labour Party members to join her in calling on David Cameron and George Osborne to think again on their 'Granny Tax' - the controversial Budget measure which will see, from next April, pensioners who pay income tax losing on average £83 a year – while 14,000 people earning over £1 million receive a tax cut.

On Thursday, Labour will force a vote in the House of Commons on the Tory-led Government’s controversial 'Granny Tax'.

Read more...