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Action needed to boost stakeholder take-up, ABI pensions head tells Sofa conference

ABI head of pensions Joanne Seagers claimed 80 per cent of employers who must designate stakeholder schemes had already done so, but she admitted work needs to be done to get employees to sign up.

Speaking at this week&#39s Society of Financial Advisers conference in Birmingham Seagers said the ABI estimates 300,000 to 350,000 firms must introduce stakeholders, based on Department of Trade and Industry and Department of Work and Pensions data.

She said although between 240,000 to 280,000 employer had signed up “more action is needed to boost take-up. This needs an effective partnerships between Government and industry”.


Online brokers team up to offer investment products

Online execution only broker Discount Investments and online broker Stocktrade have teamed up to launch two new investment based products, UltimateIsa and UltimatePep Transfer Service.Each product offers investors access to any eligible unit trust or Oeic and the ability to invest up to 50 per cent of the portfolio in UK equities, investment trusts and […]

Equitable compromise scheme in the post

Equitable Life policyholders are starting to receive the final compromise scheme details this week and have until January 11 to decide if they will back the deal.GAR policyholders are being asked to exchange their guarantee for a 17.5 per cent uplift in policy value and non-GAR holders are being offered a 2.5 per cent uplift […]

Norman Digance

Lives: Winchester with his wife and three children.Born: Eastbourne.Education: “When you get to my stage in life, where you were educated becomes irrelevant.”Career: Started out in the Civil Service at the Department of the Environment, then moved to the Building Societies Commission where his roles included secretary to the commission, head of external affairs, head […]

Don&#39t go wide of the benchmark

Over the last few weeks, I have been conducting a series of seminars on investment portfolio planning for over 1,500 IFAs and around 600 broker consultants. One of the more popular sessions has touched on the interpretation of data in the quality financial newspapers and its uses in mainstream financial planning.Over the next few articles, […]


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