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Response to Budget consultation on transfers from DB to DC schemes

June 10, 2014 Ros Altmann Comments 0 Comment

10 June 2014 Here is my response to the Treasury’s consultation on the issues relating to transfers from Defined Benefit to Defined Contribution pension schemes. Members of unfunded public sector schemes will no longer be allowed to transfer, however members of funded schemes should be able to take their money out. Here are my thoughts Transfers should be permitted from funded DB schemes to DC schemes Some schemes could benefit from members transferring small entitlements due to the savings in…

Care crisis highlights need for incentives to encourage people to save for care

May 15, 2014 Ros Altmann Comments 2 comments

Yet another report highlighting the crisis in social care The NHS could be bankrupted by failing to address social care properly – Government needs to introduce incentives to save for care Minimum wage, appalling working conditions and constant cost-cutting by private firms and councils leads to sub-standard care Integrate social care with healthcare – why the artificial distinction? Yet another report is released today highlighting the inadequacies of our social care system. Baroness Kingsmill has rightly highlighted the ongoing…