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Equitable Life compensation payments

July 25, 2013 Ros Altmann Comments 0 Comment

Damning report highlights failings in Equitable Life compensation system Treasury accused of dragging its heels and administrative failings and imposing arbitrary deadlines But at least the Government deserves some credit for actually paying money out – after so many years of delays The Public Administration Committee has published its report highlighting major failings in the scheme set up to pay compensation to Equitable Life victims. This scandal has been dragging on for so many years that many of the…

Pensions are not the best way to save for care

July 19, 2013 Ros Altmann Comments 1 comment

Pensions are not the best way to save for care – we all hope to need a pension but only one in four will need care Most wont reach the cap and will pay for all their care – that may be socially necessary but we need to prepare for it Cap won’t cover all the costs and deferred payment plans should be provided for home care too, to avoid expensive equity release As the Government unveils its consultation…