In the Court of Appeal ruling, the judge said CLP’s recommendation of a storage pod investment to Adams “carried with it advice that he transfer out of his Friends Life policy and put the money into a Carey Sipp”.
The employer’s contribution rate of 9.5% is also set to increase, to 10.0% from 1 July, and then to 10.5% from 1/7/22, 11.0% from 1/7/23, 11.5% from 1/7/24 and finally to 12.0% from 1/7/25.
These difficult issues are not resolved by themselves and those issues are difficult and might not be of immediate urgency, but in the coming years Government will need to address this problem and prepare themselves.
More than 1.5 million people are claiming Attendance Allowance across the UK, including 143,000 Scots.
Unfortunately, while our system is currently one of the most sustainable systems in Asia, it is also one of the least adequate, according to a report from one of the major life insurers in the Philippines.