Government Views

Tax relief for high earners could be abolished if a coalition government featuring the Liberal Democrats is formed, experts have warned.This could lead a number of people approaching retirement age to seek equity release advice on how the value of their home could provide a welcome boost to their retirement ... read more

A Labour government would restrict higher-rate pension tax relief for incomes of more than £100,000, it has been suggested.This could encourage a number of people to look into equity release plans as a way of boosting their retirement income.During last week's televised election debate, prime minister Gordon Brown said: "Our ... read more

The three major political parties have wasted a "golden opportunity" to set out a "clear, concise and comprehensive" savings policy with their recently-released manifestos, according to one campaign group.This could lead a number of retired people to turn to products such as lifetime mortgages in a bid to ensure a ... read more

The Conservative party has been criticised by one of the UK's leading age charities for its "silence" over challenges facing older people in Britain.A number of people could now be inspired to see how a lifetime mortgagecould benefit them after Age UK accused the Tories of "shying away" from the ... read more

Britons are to be offered a new low cost pension scheme after the government set out expected charges for the National Employment Savings Trust (NEST).The measures are expected to allow millions of UK citizens the opportunity to save for their retirement.Angela Eagle, minister of state for pensions and the ageing ... read more

The UK economy is weak and will remain so for "some time to come".This is the view of Liberal Democrat treasury spokesman Vince Cable, who said "sluggish growth and comparatively high inflation are a serious concern".Mr Cable's comments follow the publication of the Bank of England's latest quarterly inflation report, ... read more

The Pensions Regulator has announced details of three special events intended to provide scheme organisers with advice on how best to govern their products.Workshops will be held in London, Manchester and Nottingham to "emphasise the importance of securing good governance through having the right people and processes".The poor handling of ... read more

The Department for Work and Pensions has announced a new chairman for its NEST Corporation.From February 1st, Lawrence Churchill will head the UK-wide pension fund and assist in recruiting other trustee members."I am delighted to be appointed as the chair of the NEST Corporation," said Mr Churchill of his appointment. ... read more

More than 150,000 people are to share £3.5 billion in government compensation as a result of issues with the pension market.The Department of Work and Pensions has announced that many workers will have at least 90 per cent of their pensions guaranteed after their employers "went bust".Angela Eagle, minister of ... read more

Partha Dasgupta has been appointed chairman of the Pensions Advisory committee by secretary of state for work and pensions Yvette Cooper.Mr Dasupta said he was very pleased to accept the role and claimed last year's record public demand for an independent information service showed a "growing need" for the Pensions ... read more