Full details of the MP pay proposals and why they won?t fly

Sir Ian Kennedy, head of Ipsa

When they said that Ipsa was all about taking the politics out of MPs pay they weren?t joking: the independent body has come up with a set of proposals that look sensible on paper but lack political judgment.

The bit that is making headlines ? predictably ? is that pay will rise by 9.7 per cent in 2015 to �74,000. After that it would go up in line with national wage inflation.

That salary proposal alone would cost an extra �4.6m.

What many people won?t notice is that the other recommendations from

Continue reading �

Source: http://blogs.ft.com/westminster/2013/07/full-details-of-the-mp-pay-proposals-and-why-they-wont-fly/

annuity rates stakeholder pensions uk retirement drawdown state pension forecast