Pensions Lifetime Allowance U-turn: Labour Drops £800mn ProposalPointXYZ for Wealthier Savers

London, UK – The Labour party in the UK has decided to backtrack on its plans to reintroduce the pensions lifetime allowance, a move that is set to benefit wealthier savers such as hospital consultants and headteachers. This decision, made by shadow chancellor Rachel Reeves, comes as a strategy to simplify Labour’s election manifesto, which is expected to be unveiled later this week. The party aims to avoid controversial tax-raising policies that could potentially be …

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Ghana Federation of Labour Advocates for Increase in Retirement Age to 65

Accra, Ghana – The Ghana Federation of Labour (GFL) is pushing for a reconsideration of the retirement age, advocating for an increase from 60 to 65 years. Dr Abraham Koomson, the Executive Secretary of the Ghana Federation of Labour, emphasized the timeliness of this proposal, highlighting the potential for capable retirees to continue making valuable contributions to the workforce. Dr Koomson stressed the importance of initiating a dialogue on extending the retirement age, citing examples …

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