Pensions

Standard Life had advertised one of its pension funds in terms which referred to the funds being invested in cash, or the equivalent of putting the money on deposit. The fund was sold supposedly as a temporary home for short-term funds...

On 3 November the Pensions Bill received Royal Assent. The act implements changes to the way in which a number of key reforms will be introduced over the coming year and beyond.

The Life and Pensions Faculty supported a recent debate at the CII on the future funding of Long Term care. The debate, filmed in front of a live audience, and chaired by broadcaster Paul Lewis was held In association with: The Strategic Society Centre. The panel included industry, government and trade body representatives and focused on potential solutions for the funding of long term care.

All the indications are that we are on course for a late life crisis. That at least is something on which the main political parties can agree. A growing elderly population, improved life expectancy, pensioner inflation and a shrinking state scheme all point up the need for remedial action...