• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, April 15, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home News

Hike in pension age a must to avoid crisis: CBI

by Sam Allcock
19/06/2017

RelatedPosts

EMA Links AstraZeneca Vaccine To Rare Cases Of Thrombi

Nissan Reindustrialization Accelerates With 17 Projects

Deposit USD Coin (USDC) on a Savings Account and Earn Interest

Voucher Platform Launches Services For Bitcoin Lightning Network

Load More

LONDON: The Confederation of British Industry is all set to take on the workers as it is going to demand a raise in the retirement age in Britain in order to avert a public sector pensions crisis. The CBI’s director general Sir Digby Jones is expected to tell the Labour Party conference at Brighton that it is unfair for private sector workers and tax-paying pensioners to subsidise civil servants and council staff in retirement.

Sir Digby will ask the government to be firm with the unions and take on public pension reforms as the CBI has found that the liability on account of pensions for public sector workers has more than doubled to 500 billion pounds over a decade. Sir Digby says the public sector retirement age should be raised to 65 while the pension benefit formula should be revamped in order to make it affordable for the employers.

The Institute of Directors (IoD) too has sought a raise in the pension age. The IoD, in a report, said it should be raised to 70.

Meanwhile, the labour unions are mulling direct action. Unison, the most-represented public sector union has threatened that strikes are “on the cards”. Unison’s general secretary Dave Prentis will tell his 2 million constituents that they are facing huge cuts in their pension rights under plans put forward by the government. He will also argue that such moves will mean increasing costs for the NHS as 75 per cent of paramedics are forced to retire before the age of 60 due to ill health.

In a related development, members of the Pension Action Group will protest when chancellor of the exchequer Gordon Brown addresses the conference. They wish to highlight that fact that they lost most or all of their pensions when their company schemes failed and the government did not intervene.

Previous Post

Porsche plays white knight for VW

Next Post

Asda tackles logistics, creates 300 jobs with new import centre

Related Posts

EMA Links AstraZeneca Vaccine To Rare Cases Of Thrombi
News

EMA Links AstraZeneca Vaccine To Rare Cases Of Thrombi

10/04/2021
Nissan Reindustrialization Accelerates With 17 Projects
News

Nissan Reindustrialization Accelerates With 17 Projects

10/04/2021
Deposit USD Coin (USDC) on a Savings Account and Earn Interest
News

Deposit USD Coin (USDC) on a Savings Account and Earn Interest

13/04/2021
Next Post

Asda tackles logistics, creates 300 jobs with new import centre

CSA to get tough with errant fathers: Blunkett

Spike in mortgage graph raises market hopes: BBA

Latest News

5 Things to Consider in a New Supplier

5 Things to Consider in a New Supplier

14/04/2021
EMA Links AstraZeneca Vaccine To Rare Cases Of Thrombi

EMA Links AstraZeneca Vaccine To Rare Cases Of Thrombi

10/04/2021
How is Tooth Filling Beneficial in Preventing Tooth Decay

How is Tooth Filling Beneficial in Preventing Tooth Decay

14/04/2021
How to Make Sure Your Business is Safely Covered?

How to Make Sure Your Business is Safely Covered?

14/04/2021
Outdoor activities: The best way to connect with nature

Outdoor activities: The best way to connect with nature

14/04/2021
Outsourcing Product Development- A Roadmap To Success For All Startups

Outsourcing Product Development- A Roadmap To Success For All Startups

14/04/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.