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CIS pension plea to MPs

CIS is writing to MPs in a bid to assure them that product providers are selling stakeholder to its target audience and that compulsion is not the answer to increasing pension provision.

General manager (marketing) Martin Clarke has asked to meet with the speakers at last week&#39s House of Commons debate on stakeholder pensions.

The letter aims to address criticisms from MPs that pension provision in middleto lower-income families is not increasing and that employers are not contributing to pensions.

CIS believes other techniques and incentives could be used to encourage greater pension provision in the UK rather than introducing compulsion.

It says a “carrot rather than stick” approach will be more successful in encouraging people to save and that employers must be given more incentives to contribute.

The letter has gone to MPs including Conservative MP David Willetts, Richard Ottaway, Peter Lilley and John Butterfill, Liberal Democrat Steve Webb and Labour MP Frank Field.


Schroders – Schroder Split Investment Fund

Friday, November 23, 2001.Type: Split-capital investment trust.Aim: Growth and income by investing in FTSE 350 companies andfixed-interest securities.Minimum investment: £1,000.Maximum investment: No maximum.Investment split: FTSE 350 companies 75 per cent, fixed-interestsecurities 25 per cent.Types of share: Zero-dividend preference, ordinary.Isa link: Yes.Pep transfers: Yes.Redemption date: Zero-dividend preference shares November 30,2007.Charges: Implicit.Commission: Initial 3 per cent.Tel: 0800 […]

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This week we bring to an end our look at the main subjective and objective factors which should govern an adviser&#39s assessment as to whether an individual with a preserved pension in a defined-benefit pension scheme should transfer the value of those benefits to a private pension alternative – primarily, of course,a personal pension or […]

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Jupiter is to acquire the independent managed funds business from Lazard Asset Management for an undisclosed sum.The acquisition will reunite Jupiter’s multi-manager team, led by John Chatfeild Roberts, with more than £250m of assets which it ran while it was at Lazard. The team moved to Jupiter in the first quarter of 2001.The deal will […]


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