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ABI says rise not generous enough

The ABI says the Government has not been generous enough in raising the price cap to 1.5 per cent though it describes the move as a step in the right direction.

ABI director general Mary Francis says: “The decision is a step in the right direction. The Government has recognised that the one per cent price cap on stakeholder pensions was hindering saving, not helping it.

“But the new price cap is certainly not generous, and the test of today&#39s announcements is whether they lead to a real increase in the level of saving.”

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Intelligence is accused of panic over free deal

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Diva dances among hedge funds

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Medicinal purposes

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China tech and Global Alpha: a new great leap forward

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Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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