capaDATA
  • PERFORMANCE
    • Younger saver, 30 years to retirement – 5-year annualised returns
    • Younger saver, 30 years to retirement – 3-year annualised returns
    • Younger saver, 30 years to retirement – 1-year annualised returns
    • Older saver, 5 years to retirement – 5-year annualised returns
    • Older saver, 5 years to retirement – 3-year annualised returns
    • Older saver, 5 years to retirement – 1-year annualised returns
  • RISK/RETURN
    • Risk/Return – Younger saver, 30 years from retirement, 5-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 3-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 1-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 5-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 3-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 1-year annualised
  • PROVIDERS
    • Aegon Master Trust
    • Aon Master Trust
    • Atlas Master Trust
    • Aviva Master Trust
    • The Bluesky Pension Scheme
    • Ensign Retirement Plan
    • Fidelity Master Trust
    • Legal & General Investment Management – WorkSave Pension Mastertrust
    • LifeSight (Willis Towers Watson)
    • Mercer Master Trust
    • National Employment Savings Trust (NEST)
    • Now: Pensions
    • The People’s Pension
    • Salvus Master Trust
    • Scottish Widows Master Trust
    • Smart Pension
    • Standard Life DC Master Trust
    • SuperTrust UK Master Trust
    • TPT Retirement Solutions
    • Welplan Pensions
  • Research
    • ADVISERS
      • Pension provider selection factors
      • Switching
      • Diversification
      • Illiquids
      • ESG
      • Green
      • Digital
      • Consolidation
    • PROVIDERS
      • Master Trusts by number of members
      • Master Trust defaults by assets and number of employers
      • Member charges
      • Employer charges
      • Master trust investment advisers
      • Equity exposure
      • Derisking
      • Asset managers used
  • NEWS
  • MORE
    • About
    • Advertise
    • Contact us
    • Privacy policy
    • Content syndication
    • Terms & Conditions
CAPA
No Result
View All Result

Protection veteran Timpson quits Govt role in protest at treatment of carers

24 April 2024
Johnny Timpson: Time to change the conversation on group income protection
Share on TwitterShare on FacebookShare on LinkedIn

The UK’s first disability ambassador, and a veteran of the protection industry, Johnny Timpson has quit his role as a government advisor on dementia in protest at the DWP’s treatment of unpaid carers.

Timpson, who worked for Scottish Widows for over 20 years, says he wanted to “take a stand” after reports that tens of thousands carers were being fined significant sums, and in some cases prosecuted, after breaching complex earnings rules around the carer’s allowance. 

This issue, which was first reported by the Guardian, found that in many cases these were minor breaches, but with these small overpayments being made for many years, carers were now being hit with fines and repayments running into thousands of pounds. 

Timpson said an overly complex benefits system that relied on people realising they had been overpaid was at the root of the problem.

He criticised the DWP and other government agencies for not identifying carers as a vulnerable group and working to ensure that the correct benefits were paid to them.

He says: “When you’re dealing with someone in your household who’s got dementia… that’s a big heavy caring ask, so that carer has a lot going on in their life. The last thing that they’re probably able to get their head around is the complexity of their benefit entitlement.”

He added that other regulated companies – like those operating in the financial services sector –  have a duty to identify vulnerable customers and intervene, where necessary to prevent harm, to and ensure “a drama does not become a crisis”.

He also said this highlighted the issues around “financial health” which itself was taking a toll on the physical and mental wellbeing of the nation.

Timpson says he was “quite disenchanted” with the current government’s approach towards people with disabilities for some time, but things had now come to a head with this latest issue.  

In an interview with the Guardian he added : “The fact [is] that we have made absolutely no progress at all on social care [and] we really did not support carers adequately during the pandemic.

“But the approach the DWP are taking to reclaim benefits from carers and people with disabilities, particularly those with neurological disabilities,  is beyond the pale for me really.”

Timpson, who was awarded an OBE in 2022, sat on the Prime Minister’s dementia friendly communities champion group. He was previously a Cabinet Office disability ambassador.

Timpson worked at Scottish Widows from 1987 to 2014. He has held senior roles at many UK financial organisations, and campaign groups that focused on improving mental health and financial resilience. These include roles at the Association of British Insurers, the Income Protection Task Force Welfare Working Group, and the Chartered Insurance Institute among others.

The post Protection veteran Timpson quits Govt role in protest at treatment of carers appeared first on Corporate Adviser.

TweetShareShare
Previous Post

Professional trustee firms see revenue boost as sector continues to expand

Next Post

Capital Cranfield appoints professional trustee

Category

  • By Provider
  • News
  • Not for search
  • Provider page archive
  • Uncategorized
  • video
CAPA data

© 2019-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

Follow us

No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication