You are here: Home - Uncategorized -

Government ‘should keep its pension promise’

Written by:

MPs have asked the Government to honour its pledge to restore the link between the State pension and earnings, a measure that was set out in May’s White Paper on pensions.

Ministers did add that the restoration of the link was subject to ‘affordability’, but the Commons Work and Pensions Select Committee said that “such equivocation is unhelpful” and urged ministers to set a firm date for implementation.

Gordon Lishman, director general of Age Concern England, said it supported the restoration of the link and that the change should be made by no later than April 2012 at the latest.

“This is another example of fudge in the pension arena,” said financial adviser Martin Cunningham. “The Government should keep its pension promise but I for one am not holding my breath.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Benefit take-up ‘needs to improve’

The proportion of pensioners living in poverty has fallen but more needs to be done to boost benefit take-up, according...