A recent report from the Government Actuary's Department suggested that National Insurance contributions would need to rise significantly to cover the increased cost of state pensions. This would be unfair - in essence, it would mean taxing a generation...
Many of our welfare benefits are means tested, you're able to claim them only when your income and capital (your means) fall below a certain limit. This financial test aims to ensure that public funds are given to those who need it most and it's been argued that the...
I'm seeing a lot of discussion on defined benefit cash flows at the moment. Some of the commentary on the importance of cash flows is sensible; some is questionable; and some is plain wrong. What do we mean by cash flows? When talking about cash flows for a defined...
