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76% think state ought to look after them

Over three-quarters of the public believe the state should look after them if things go wrong, according to research for Scottish Provident conducted by Mori.

Seventy-six per cent of the public think the welfare system should provide an adequate safety net for satis- factory standards of living.

ScotProv says the research shows the complacency of the public towards potential threats to their standards of living.

Fifty-five per cent admit that their standard of living would fall dramatically if they were unable to work for six months or more due to serious illness.

Four out of five agree that they have to make their own arrangements to ensure their standard of living is not threatened.

But only 41 per cent say they have taken steps to protect their standard of living.

Only one in five say they have a large amount of sav-ings to fall back on if things go wrong.

ScotProv head of marketing and business development David Robinson says: “People appear to recognise the need to do something to maintain their high standard of living if they suffer a serious illness but not enough have turned that into action.

“Too many people are kidding themselves that either it will not happen to them or that someone else will look after them.

“There is an enormous gap between the action that people have taken on protection and what is required to maintain their standard of living. A lot more needs to be done to warn people of the risks.”


Killik provides stakeholder for children

Stockbroker Killik & Co has joined forces with Scottish Widows to provide a stakeholder plan that is designed to provide savings for children.The stakeholder pension is aimed at affluent clients who already have a pension but who want to set aside money for their children or grandchildren. There are no age restrictions on stakeholder pensions, […]

Exeter marks the spot

The news that Exeter Fund Managers came 14th in Keydata&#39s unofficial top of the Isa pops raised a few eyebrows across the fund management industry. Despite being the UK&#39s 80th-biggest retail fund manager, Exeter got more IFA recommendations in the survey than rivals such as Schroders, Merrill Lynch and Scottish Widows, all of which are […]

Alliance Capital – ACM Bernstein Value Investments – American Value Portfolio

Monday, 9 April.Type: Ucits.Aim: Growth and income by investing in 70-90 US undervalued companies.Minimum investment: $2,000 or Euros 2,000.Place of registration: Luxemburg.Investment split: 100 per cent in 70-90 US undervalued companies.Isa link: No.Charges: Initial – class A shares up to 6.25 per cent, annual 1.05 per cent.Commission: Initial 0.75 per cent.Tel: 020 7470 1588.

Pru advertises on interactive TV

Prudential is launching a dedicated pensions&#39 site on digital interactive television. Pensions First will be available from this week to half a million digital service subscribers and will give information on corporate pension, personal pensions, stakeholder and annuities.


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