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Compelling debate on compulsion

The inevitability of the Government making stakeholder pensions compulsory for employers was high on the agenda of the Question Time session at last week&#39s LIA convention.

LIA chief executive Jeff Travis, Aifa director general Paul Smee, LIA public affairs director John Ellis, FSA investment policy manger Brenda Gibson and Zurich Financial Services director of government and public affairs Karl Snowden debated the timetable for compulsion.

Questioned on whether stakeholder will work, Travis opened the debate by saying the Government is intent on making stakeholder succeed and this may mean compulsion.

Snowden went on to say that compulsion will definitely be debated during the middle of the next Parliament. But Zurich, he says, will never come out in favour of compulsion.

Ellis says the Government would be entering a political minefield to put compulsion on stakeholder as it would be seen as another tax burden.

Gibson says the FSA has no line on compulsion. Snowden said: “Compulsion on individual scheme members is unlikely, the debate will focus on the employers.”


Rayburn sets up benefit consultancy

City of London-based IFA, the Rayburn Group is launching a specialist benefits consultancy division called Rayburn Sigma.Rayburn Sigma will be run by the group&#39s managing director Roula Rayburn and sales director William Fleischmann-Allen.The division has been set up to help IFAs create and implement innovative benefit solutions to increase the profitability of their corporate clients […]

PIMco Trustees – The Essential Sipp

Friday, 4 May 2001.Type: Full sipp.Minimum investment: £1,200 a year.Investment choice: Unit trusts, stocks and shares, deposit accounts, investment trusts, open-ended investment companies, futures and options, commercial property, land including development land, second hand endowments, Aim stocks.Charges: Initial £425, annual £375.Options: None.Commission: None.Tel: 01737 779939.

Dance of ages

Wide disparities between men and women remain in financial services, particularly on pensions and annuities.The FSA&#39s recent report, Women and personal finance: the reality of the gender gap, showed that only 22 per cent of women have pensions compared with 40 per cent of men.While the report found that men and women in similar positions […]

Isa sales fall and IFAs lose ground to direct rivals

The 2000/01 Isa season ended disappointingly, with sales in March falling to £1.3bn from £2.3bn in the same month last year, according to Autif figures.Investors&#39 traditional end-of-year rush was muted, with total net sales for the year to April 2001 down by 13 per cent at £9bn from £10.4bn for the previous tax year as […]


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