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ABI welcomes Pickering proposals

The Association of British Insurers has welcomed Pickering&#39s report on pensions simplification, claiming that with the Sandler review, it will provide a good platform from which to close the savings gap.

It says much of Pickering&#39s recommendations reflect its own views that there are too many types of private pensions, and that customers need clearer and more accessible information.

ABI head of pensions Joanne Segars also welcomed Pickering&#39s proposals to simplify contracting out, as well as compulsory scheme membership for employees.

Segars says: “Further incentives are needed. That is why the ABI has proposed a new Pensions Contributions Tax Credit, together with wider availability of ensuring that there is a strong financial services industry able to extend pension provision for future pensioners.”


Sandler to criticise actively managed funds – FT

Ron Sandler will criticise actively managed funds, saying investors should look instead to trackers when he issues his report tomorrow according to the Financial Times.Sandler will be critical of actively managed funds for charging consumers too much and not delivering the FT says.Contrary to earlier reports Sandler will effectively endorse the FSA&#39s Defined Payment proposal […]

Steve&#39s Christmas stocking

Everyone appreciates examples of individuals who are dedicated to their chosen career path but even we could not believe our ears when we heard the following tale.Scottish Life Mortgages director Steve Scholes (above) is so slavishly committed to his calling that we felt a public pat on the back was necessary.As the story goes, Scholes […]

EIS plays cowboys and indians

Cowboys and Indians is an enterprise investment scheme (EIS) that aims to raise up to £3.5m to finance a British comedy drama of the same name.The company is trying to emulate the success of films about British Asians such as Bend it like Beckham and East is East by producing a film about an amateur […]

Guidelines for trustees

The major UK pension bodies have come together to produce a model administration agreement that allows trustees to lay down service standards with administrators.The agreement gives trustees the ability to design their own checklist specifying performance levels and terms of maintenance. It should provide a focus for trustees setting up admin arrangements as well as […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]


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