16m pay bonanza for five British Gas bosses: Windfall came just weeks after inflation-busting price increases Chief executive Sam Laidlaw is handed 5million Figures emerge in Centrica's annual report showing British Gas made 606million profitOfgem predict the average gas and electricity bill will rise to 1,420 by end of next year was 1,188 and customers have seen their prices double over the last seven years. A total of 2.5million families are estimated to live in ‘fuel poverty’, which means they have to spend more than 10 per cent of their income on their energy bill
British Gas under fire for raking in 50 profit per household just months after hiking bills… and the boss looks forward to walking away with 10m Company profits for 2012 have soared to 606million But price rises for 12million customers could come as early as next winterShadow Energy Secretary says market too dominated by 'big six' firmsCaroline Flint called for tough regulation so public don't feel 'manipulated'Campaigners say consumers feel 'resentment and dread' as bills still rise will be used to help fund a 10million package in pay, shares and pension pot for departing boss Phil Bentley, who will leave the business in June.
Pension from a 100,000 pot 'halved since 1995': Annuities fall to less than 5,000 a year after rates hit record lowReport highlights nightmare facing generation of older workersFall is due to lower interest rates on corporate bonds and gilts and rising life expectancy An annuity is income paid on monthly basis when pension pot is cashed in By Becky Barrow PUBLISHED: 22:41 GMT, 9 January 2013 | UPDATED: 02:02 GMT, 10 January 2013 The monthly income from a pension pot of 100,000 has halved in the past 18 years, a study has warned The income from a 100,000 pension pot has more than halved in the past 18 years, a damning study reveals today. In January 1995, a 65-year-old worker could have bought himself an annuity – an income for life – of 11,380 a year. Today a man of the same age, who has worked throughout his life to save the same amount, would get an annuity of just 4,920 from an insurance company – a fall of 57 per cent
Future generations of pensioners should get state pension but no extra benefits, Iain Duncan Smith warnsWork and Pensions Secretary insists handouts like winter fuel allowance and TV licence are safe for current pensionersBut 'next generation' will be encouraged to save to remove 'any extra dependence on the state'Coalition plans single-tier pension of around 155-a-weekLinking state pension age to life expectancy 'will mean working until 70' By Matt Chorley, Mailonline Political Editor PUBLISHED: 09:11 GMT, 8 January 2013 | UPDATED: 10:32 GMT, 8 January 2013 Work and Pensions Secretary Iain Duncan Smith, pictured arriving at Number 10 yesterday, said coalition reforms mean future generations would only need the state pension The next generation of pensioners should not need to receive extra benefits like free TV licences and help with heating bills, Iain Duncan Smith suggested today.
Now workers face waiting until 70s for a state pension: But new flat rate means mothers won't lose out in most radical reforms for a century David Cameron and Nick Clegg will announce plans for new flat-rate pension New rate will be more generous and is expected to be worth 155 a weekBut the state pension age will increase further in years aheadIain Duncan Smith said the changes will be 'brilliant for women' By James Chapman PUBLISHED: 00:47 GMT, 5 January 2013 | UPDATED: 02:01 GMT, 5 January 2013 Women will benefit from the most radical pension reforms for a century – but younger workers will have to delay their retirement into their 70s and beyond, it emerged last night. David Cameron and Nick Clegg will next week outline plans for a new, more generous flat-rate pension, expected to be worth 155 a week. But the sting in the tail is that the state pension age – already set to rise to 67 for both men and women between 2026 and 2028 – will increase further in the years ahead
Minister pleads with Treasury to 'get on with' elderly care reform amid calls to cut fuel bill help for 80% of pensioners Care minister Norman Lamb tells MailOnline the issue of how to fund care for ageing population must be removed from the 'long grass Think tank report by ex-minister Paul Burstow calls for 10million pensioners to lose winter fuel allowance to pay for cap on care bills But campaigners say it would penalise those who saved for their old age there were 2.06million people claiming Pension Credit.
Town hall staff pay in only a QUARTER of the cost of their pensions while taxpayers fork out 6billion a year Council workers paid in 1 for every 4 paid out last year, new figures show Local Government Pensions Scheme put just 1.84billion awayDetails emerge as Eric Pickles finalises pensions deal with the unions By Steve Doughty PUBLISHED: 00:16 GMT, 1 January 2013 | UPDATED: 01:22 GMT, 1 January 2013 Local Government Secretary Eric Pickles is finalising a deal with unions to rein in pensions spending Council workers paid in only 1 for every 4 paid out in town hall pensions last year. Nearly 6billion of the 8billion cost of the scheme came from taxpayers, an official report has found.
The PC Vicar and the pole-dancer: He worked in counter-terror. She supports Norfolk police.
More than one million pensioners are just 200 away from going into debt | UPDATED: 18:49 GMT, 23 December 2012 Receiving a surprise bill of just 200 would be enough to push more than a million pensioners into debt, a charity warned last night. A study by Age UK has found that the combination of rising fuel bills and plummeting savings is taking its toll on older people.
When the police lie about politicians, we should ALL be very worried | UPDATED: 21:38 GMT, 21 December 2012 Big wheel: Andrew Mitchell arriving at Downing Street on his bike This week’s claim that a policeman fabricated evidence to corroborate a damaging account by fellow officers about the former Tory Chief Whip Andrew Mitchell is truly shocking. If society can’t trust the police to tell the truth, then we are in danger of crossing the very thin line that separates civilisation from anarchy. It goes without saying that most police officers are brave and dedicated individuals who possess the highest motives.