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Altmann calls for pensions reform

Speaking at the Facing Retirement Forum in London today pensions and investment expert Dr Ros Altmann has called for radical rethinking when it comes to pensions.

People have greater responsibility for pensions but they don’t understand the basics, said Altmann.

She said: “We need to sex up the idea that savings house has a role to play.”

The official review is that pensions are not in crisis now but maybe in the future. However, Altmann said: “This means that the sense of urgency to pensions has never really come through. This is not right there is a pensions crisis now and pensioners will be at crisis soon.”

Altmann now thinks pensions should be renamed. She said: “Money from the state should be kept as pensions but money that people save should be classed as long-term funding.”


Basic state pension to rise by 5%

The basic state pension is to rise from £90.70 a week to £95.24 next April, triggered by the retail price index hitting 5 per cent.

Cash warning on offshore bonds

A leading international IFA has warned that cash deposits held within offshore life insurance bonds will be deemed as a corporate investment and could fall outside local investor protection regulations in the case of a bank becoming insolvent.

To lend or not to lend – is that the question?

I am tempted to wonder if we’ll need a Minister for Mortgages alongside the Minister for the City if the “stakes in banks” plan actually has to be implemented. Heavyweight HSBC and the safer than houses Santander can probably do it on their own. But others will almost certainly need to call on the Government.

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]


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