'More needs to be done' on pension bill
It has been claimed that more work needs to be done on the government's pension bill if it is to make a significant difference in the long-term.According to IFG Financial Services, the bill attempts to please too many people and as a result does not achieve some of the most important aims that it was designed to do.Donna Bradshaw, an independent financial adviser (IFA) with IFG Financial Services, explained: "One of the biggest problems is trying to please all of the people all of the time and it just cant be done. There are certain decisions that have to be taken that may be not so palatable with some people but would benefit the majority."Commenting on the efficacy of the bill, Ms Bradshaw added that she doubted whether some of the measures that have been taken would have any impact on the demise of final salary pension schemes.
Share this..
Related stories
Alastair Darling rejects calls for EU bailout fund
Chancellor of the Exchequer Alastair Darling has today reiterated his opposition to an EU bailout fund which would be used to assist any member states in financial difficulties. It is believed that the European Union would take on the power to borrow money on behalf of member states using the EU budget as collateral. This is the latest proposal from the emergency EU meeting which has been ongoing...
Read MoreSimple ways to save money : Claim your benefits
It is well known that there are literally hundreds of millions of pounds of benefits which go unclaimed each and every year in the UK. These may range from child benefit payments to unemployment benefit, from heating allowance to attendance allowances. Historically there has been a certain stigma attached to "benefit Britain" with many people determined to stand on their own 2 feet, but these bene...
Read MoreWhy Is The MPC So Split?
The minutes from the Bank of England meeting last month show that there is a total lack of direction on the MPC. Seven voted to retain rates at the current level, one voted to increase and one voted to decrease rates leaving the investment world in a quandary. So which way will they finally lurch?
The problem we have now is the fact that the MPC is made up of experts with differen...
Scottish government injects £45 million into low-cost homes
The Scottish government has today announced plans to inject £45 million into a program which will construct up to 800 new low-cost homes across Scotland. The money is made up of a £31 million injection from the previous budget and £14 million which has been freed up by the Scottish government from its existing housing program. So will this make a difference? There is a definitive lack of aff...
Read MoreWere Chinese state employees involved in cyber attacks on Google?
Security experts in China are currently unearthing evidence regarding various cyber attacks on Google and a number of prominent business websites in the country. There are allegations, as yet unfounded, and that the Chinese state authorities may well have been involved in the various cyber attacks and this threatens to drive a wedge between the Chinese authorities and the US authorities. As we...
Read More