Howard's promise to pensioners

clock

The Conservative Party has pledged to re-establish the basic state pension earnings link, reduce the role of means-tested benefits, and scrap compulsory annuity purchase for 75-year-olds under a new Conservative Government.

Michael Howard took a swipe at Labour this morning for its treatment of the aged by suggesting people deserved to be treated with ‘dignity and respect’, with not being the case today. He instead said the elderly were not part of Blair’s plans for a ‘New Britain’ adding: “New Labour's Britain is a young country, a country where the older generation is airbrushed out.” He continued: “Many pensioners have become prisoners in their own homes - too frightened of yobs and muggers to go out even during the day. Thousands of elderly patients - people who have worked hard all their lives - have ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read