AROUND 500,000 EXPATRIATES who left the UK but are now living on a frozen pension will have to wait until next February to find out whether they will get them upgraded, says the Daily Telegraph .
Having battled for some time already and once lost a test case, pensioners who left the UK and moved to places such as Australia, Canada, New Zealand and South Africa are looking to see whether an appeal can overturn a decision which leaves thousands of people receiving a state pension of less than £10 a week, rather than a retail price index-linked State pension in the UK.
Annette Carson, who has been living in South Africa since 1989, is still leading the battling the Department for Work and Pensions in the courts as she believes the UK law discriminates against older people living abroad by refusing to uprate their pensions in line with inflation.
CASH-STRAPPED "baby boomers" in their 50s and 60s are “set to cause chaos in the housing market” says the Scotsman, by selling their homes to release equity.
As a new entrant into the equity release market, Prudential argues in its Equity Release in the UK report there will be ‘a property nightmare with over £550 billion of property assets up for sale by 2019’.
A DRIVE TO impose tougher penalties on “errant company directors” is still driving ahead, says the Scotsman, which should make the distinction between criminal behaviour and lax management.
Details of the new Companies Bill which is now going through parliament will make directors liable to imprisonment for knowingly or recklessly making false, misleading or deceptive statements to auditors - or knowingly allowing information that should go to them to be concealed.
Anyone who deliberately, dishonestly or negligently abuses the limited liability status afforded to limited companies deserves to be punished accordingly. Similarly, they can also be fined for simply not filing the auditor returns on time.
AND BARCLAYS BANK is considering a radical shake-up of its management structure which could see 800 middle management jobs go but 1,000 brach staff recruited, says the Financial Times.
Part of the strategy is to reduce the costs associated with the well-paid middle managers in human resources, IT, strategy and finance, as well as duplication and support staff, in order to increase the salaries of bank cashiers and the look of 2,000 branches.IFAonline
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress