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&#39Isas more suitable than stakeholder&#39

Isas are more appropriate than stakeholder pensions for low to medium earners, says a senior economist with the ABI.

Economist Chris Curry makes his claim in the trade body&#39s quarterly insurance trends survey.

Curry writes about the pensioner credit and the effects it will have on the insurance industry.

He says there are few tax differences between the two savings vehicles and, given the flexibility of Isas, they may be better for much of stakeholder&#39s target market.

But Curry concedes that a stakeholder pension is the best bet if an employer is making contributions alongside the employee.

The paper also claims IFAs will avoid recommending pension products to the target stakeholder market because of fears that they will be accused of misselling later on.

The paper says this is because, under the credit scheme, it is unclear whether the small amount of low to medium earners who can afford to save will surpass the cut-off point for state benefits.


Threadneedle Isa ads on computer-controlled sites

In a UK-first, Threadneedle Investments is promoting its Isas on computer-controlled, floodlit outdoor poster sites. Threadneedle says it is the only financial company to advertise on the new poster system brought to the UK by Firstlight. Each poster unit is fitted with a cassette storing 12 individual posters ready for display when triggered. The posters […]

Tories blame Brown for Equitable fiasco

The Conservatives are warning the Government that the Equitable Life debacle will become an election issue unless a solution is found soon. It follows a blistering onslaught by the Tories, saying Chancellor Gordon Brown should take direct responsibility for the debacle. Shadow Chancellor Michael Portillo attacked Brown in the House of Commons last week for […]

Britannic plugs into the world of technology

Britannic Asset Management is plugging into tomorrow’s world with the global technology fund. Global technology has been created with long term growth in mind and Britannic is aiming it at the experienced investor looking to add to an existing portfolio of investments. Global technology will benchmark the FTSE world information technology and FTSE world electronic […]

Berkeley Wodehouse to split in major revamp

IFA network Berkeley Wodehouse Associates is to undergo a major corporate restructure which will see it split its business and become a plc. As part of the move, the network will divide its business into two subsidiaries, with one offering its members a choice of full network services and the other an ad hoc consultancy. […]

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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