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Difficult, says Darling

Selling pensions is very difficult at the moment due to the complexities in the marketplace, Secretary of State for Work and Pensions Alistair Darling told a Parliamentary committee last week.

Testifying before the Work and Pensions select committee, Darling conceded the level of regulation and complexity make it difficult to sell a pension to anyone who is not well informed about the industry.

He claimed it was in the best interests of lower earners to review their pensions. He said: “Some people ought to consider whether to stay in their private pension or opt back into the state pension. When they come back into the state pension they will be able to build up there.”

Darling also rejected claims that pension policy is out of touch with people&#39s concerns. He said: “We do not change policy because of the day&#39s headlines.”


Estate agent franchise

Global estate agency ERA is launching a recruitment drive for IFAs, mortgage brokers and other intermediaries in a bid to create a 500-strong UK franchise operation.With 3,000 offices in 26 countries, it is encouraging small traders to join its franchise, allowing them to keep their independence and brand and use ERA&#39s services to grow an […]

Adding complexity

Until a few years ago annuities were said to be “commodity” products – simple and straightforward, like term assurance.Potential annuitants, having built up their retirement funds, would shop around for the best annuity to suit their circumstances. They were compared with term assurance because people needing life cover would know exactly what type, amount and […]

Royal Bank of Scotland joins postcode lenders

Royal Bank of Scotland is following other big lenders and linking the amount it lends to postcodes, this month&#39s Money Marketing Focus reveals.In internal document from the RBS, seen by MM Focus, the lender says it has revised its loan to values in 52 London postcode areas.The document says “the maximum LTV for amounts between […]

Buy-to-let landlords look to expand

The number of experienced buy-to-let landlords is increasing, with many seeking to expand their rental portfolios, according to Paragon Mortgages.The specialist lender&#39s property investor tracking index has found that buy-to-let landlords expect to increase their portfolios by 25 per cent on average within 12 months.However, most landlords are less optimistic than they were last autumn, […]

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]


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