View more on these topics

Bee slams Turner’s low cost scheme

Steve Bee has slammed Turner’s proposals for a low-cost National Pension Scheme, describing it as ‘privatised welfare’ and careless in its disregard for advice.
The Scottish Life head of pensions says the scheme ignores the need for advice and pre-supposes the pension is a suitable investment.
He said the scheme will polarise the market with providers concentrating on the voluntary post-A day sipp market rather than the low level Turner market.
Bee says: We are not interested in pensions without advice which I see as careless. We do not want to be distributing on mass something that is effectively privatised welfare.


Take a Baring

At last, most European economies are picking up speed and unemployment is falling. With the new German coalition likely to agree on sensible economic reforms, that economy should recover as well.

Gummer says retrospective rulings are unjust

Aifa chairman John Gummer has accused the Financial Ombudsman Service of flouting natural justice by deciding complaints against IFAs retrospectively. Speaking to a packed audience of IFAs at Aifa’s AGM dinner in London on Tuesday, Gummer launched a blister- ing attack on the ombudsman service, saying it is guilty of applying today’s rules to actions […]

Support growing for Rifkind’s annuity bill

Shadow Work and Pensions Secretary Malcolm Rifkind’s Rights of Savers Bill moves to comm-ittee stage next week amid speculation that a consensus could be developing around at least parts of the bill. The private member’s bill proposes axing some annu- ity rules, increasing the port- ability of company pensions and introducing a savings and retirement […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm