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&#39Self-employed need stakeholder advice&#39

Pensions minister Jeff Rooker has admitted most self-employed people will need professional advice under stakeholder. Speaking on BBC Radio 4&#39s Inside Money programme earlier this week, he said: “The advice for self-employed people is, by and large, get some advice.” Referring to a case study outlined by the programme, Rooker went on to say self-employed should be talking to their accountants, lawyers or financial advisers.

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Drawdown rawbacks

There could be a nasty shock in store for people taking income drawdown.Many IFAs recommend drawdown for clients at retirement as a flexible method of providing an income and keeping control of the capital. But it is important to be aware of one potential problem that could happen without a little foresight.The amount of income […]

Who is going to take care of not so little orphan assets?

Whether you believe insurance company orphan assets stand at £20bn or £40bn,it is easy to see why everyone wantsa share of the spoils.On the higher estimates, orphan assets top the amount Chancellor Gordon Brown is promising to spend to revitalise the health service, transport infrastructureand to shore up the UK&#39s defences.A group of left-wing MPs […]

FSA &#39backing&#39 up the wrong decision tree

The FSA&#39s claim of industrywide backing for stakeholder decision trees has been met with derision by the pension industry.FSA investment business policy group manager Norman Digance claims “the majority of responses felt the design, content and use of the decision trees were reasonable for a product with built-in consumer safeguards”.The FSA has announced a new […]

Fortune does not favour Eagle Star

Television presenter Carol Vorderman&#39s Find a Fortune team approached Eagle Star trying to recover a lost policy for one of its viewers.The money had been “lost” in a group pension fund about 100 years ago.Eagle Star excitedly geared up to deliver the money on the show in person beside Vorderman.But its limelight was stolen as […]

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