A third of full-time workers are still not contributing to a pension, despite increased publicity on the woeful state of pension provision.Research conducted by B&CE Benefit Schemes, the not-for-profit stakeholder provider to the construction industry, shows that 37 per cent of full-time workers – 6.5 million people – are not contributing to a pension plan. The report, which surveyed 688 people in full-time work, undermines the belief that lack of trust in pension schemes is the main reason stopping people from saving. Only 10 per cent of respondents not paying into a pension cite this as the reason. One in four people say that they cannot afford it and 20 per cent say they have not got around to it yet. B&CE Benefit Schemes deputy chief executive John Jory says: “It is alarming to find that, even though pensions have become almost a daily talking point for many people, there are still millions who have not taken a positive step towards starting to save for the day when they retire.”
Money Marketing’s investment reporter has learned better than to “give it the big lobster” over lunch. In J Sheeky’s last week, he boldly ordered one of the luxury sea-beasts, grilled in a sauce of garlic butter. But the sauce proved to be proved a good lubricant. The claw crackers slipped and a the intrepid reporter […]
Whitechurch is introducing a declaration of trust to all contracts to protect members against commission losses if the network ever goes bust. It stresses the clause has been introduced in response to IFA concerns over the networks which went into liquidation last year owing members commission and not because it is any danger of going […]
Friends Provident International has brought out Premier ultra, an offshore unit-linked bond aimed at high-net-worth investors.
Structured product provider Dawnay Day Quantum has introduced two capital-protected bonds that are linked to a basket of eight industrial metals and energy-related commodities.
Simon Edelsten, manager of the Artemis Global Select Fund, examines the long-term trends that they have exploited since the fund’s launch five years ago. Looking ahead, he explains the stock-specific opportunities the team are finding. Click here for full article
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]