Health Secretary Andy Burnham yesterday said he wanted to see those with bigger houses pay more to provide for the old.
Up to 17m families would be forced to pay the tax - whether or not their loved one had required any care.
A 10% tax raid would leave the relatives of middle income earners with [...]
Financial Mail has learnt that a 'severe shortfall' is predicted between the sum savers poured in - and which it is supposed to return, plus interest, at the end of a fixed term - and the value of the company's assets.
It is expected that investors who receive regular income will cease to get [...]
On April 6, the ways we save for our old age will change for ever. Anyone currently under state retirement age will be hit by the most wide-ranging set of reforms since the state earnings related pension was introduced in 1978.
But while the changes will help women, carers and those on low incomes, huge [...]
Because interest rates are at record lows there is massive demand from private savers to invest in these bonds, which are issued by companies. The price of the bond is repaid at the end of a fixed period and interest - known as the coupon - is paid every year.
The coupon is invariably higher [...]
Two in five of those aged over 50 plan to carry on beyond the State pension age of 65 for men and 60 for women.
By comparison, just over one quarter are expecting to quit earlier, according to research by the Department for Work and Pensions.
Helen Kanolik, an independent financial adviser with PFM Associates in [...]
They are likely to get just half the income they would have received if they had saved the same amount of money 15 years ago.
Experts said workers who want to retire are facing a 'nightmare' which no previous generation has had to cope with.
Many will have no option but to keep working into their [...]
At the end of 2007, Bolton handed over the responsibility of his hugely popular Fidelity Special Situations fund to his protégé Sanjeev Shah and took up the role of president of investments. Bolton had managed the fund for 28 years, since its launch in 1979. For those who stuck with [...]
© 2008 Daily Financial News