Self-invested personal pensions, or Sipps, give us the freedom to invest in what we want. But while this DIY approach to pensions appeals to many investors, there are mounting concerns that some Sipp providers are doing customers a disservice by allowing inexperienced investors to allocate their savings to unsuitable schemes. Liberty Sipp is the latest provider to come under fire. According to law firm, Anthony Philip James & Co (APJ), up to 560 people have lost a total of £12m after investing in unregulated investment schemes through Sipps offered by Liberty. The schemes in question invested in overseas carbon credits, which are permits giving businesses the right to emit carbon dioxide. And while investors are told that these credits can be traded for money, most don’t make any profit. This is just one example of a wider problem – because, while many Sipp providers only offer standard regulated assets, other operators are still accepting unregulated assets that … [Read more...] about From truffle trees to sunken treasure, beware of unregulated investments in your pension
Proposed pension changes 2017
UNIVERSAL Credit is one of the most controversial policies to be proposed by the Conservative Government since coming to power in 2010. Supporters say it's simpler than the previous system, while critics argue it leaves some worse off and new claimants with no income for weeks and having to prove right to residence could create another huge problem. Here's the lowdown. What is Universal Credit? Universal Credit is a new welfare scheme designed to wrap a number of benefits into a single monthly payment. Millions were expected to start being moved over to Universal Credit from their existing benefits in late 2017, and the scheme was piloted in some areas of the UK. A national was delayed in October, when it was revealed some Brits could get paid an extra two weeks to stop them going into debt when going on to the new system. Work and Pensions Secretary Amber Rudd has now announced she is to ditch a Commons vote on plans to move all existing claimants of relevant … [Read more...] about What’s Universal Credit, who’s eligible to claim it and how has the benefits system changed?
A pensioner has issued a legal challenge to the government’s voter ID pilots. Neil Coughlan, 64, says he doesn't have photo ID and believes many of his neighbours don't have the documents to allow them to vote either. On Friday Leigh Day issued proceedings for the challenge on his behalf in the High Court. The government argue their ID pilot is needed to combat voter fraud. But critics say the change is an overreation. According to the Electoral Commission there were only 28 alleged cases of voter fraud out of a total of 44 million votes cast across the country in 2017 and only one recorded conviction. Labour have described the policy as a "sledgehammer to crack a nut". And the pilot has raised concerns that it may make it more difficult for vulnerable groups like the disabled, the homeless and older voters to cast their ballot. Neil is 64, lives in Essex, doesn’t have photo ID, and believes that Voter ID will unfairly discriminate against himself and others across … [Read more...] about Pensioner issues legal challenge to government’s voter ID pilots
Need to know: hot topics in HR and pensions for 2019 Independent.ie Gender Fluidity: Gender-neutral bathrooms at work may not yet be in the 2019 plans for all employers, but as gender diversity becomes more understood, it is clear adaption and inclusion will be big topics in the year to come. Trinity College, UCD, DIT and the University of Limerick are just some employers who have introduced gender-neutral bathrooms across their respective campuses. https://www.independent.ie/business/irish/need-to-know-hot-topics-in-hr-and-pensions-for-2019-37654728.html https://www.independent.ie/breaking-news/irish-news/article37654609.ece/d8598/AUTOCROP/h342/page32_oap.jpg Email Gender Fluidity: Gender-neutral bathrooms at work may not yet be in the 2019 plans for all employers, but as gender diversity becomes more understood, it is clear adaption and inclusion will be big topics in the year to come. Trinity College, UCD, DIT and the University of Limerick are just some employers who have … [Read more...] about Need to know: hot topics in HR and pensions for 2019
“Physically my body is going. If it was 62 I could have done it. But six years extra is a big ask.” Christina Barrett, 64, from Hest Bank, is one of millions of women born in the 1950s who are having to wait years longer for their state pensions. Christina feels the government’s Pensions Act 1995 was not implemented properly, and has caused great hardship for those who have paid tax and National Insurance for decades, only to be told they’ll have to work longer.The mum and grandma says she received a letter from the government in 2012, two years before she expected to retire in 2014.The letter stated that she wouldn’t get her state pension until 2020, aged 66.Currently, three women born in the early 1950s who claim the pension age increase from 60 to 66 was unlawfully discriminatory, have won the first stage of their High Court challenge against the government. Michael Mansfield QC, who is representing the claimants, told the High Court that the … [Read more...] about Lancaster woman joins fight for justice over pension age rise