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DWP response is good news for GPPs says Boulding

Legal & General pensions policy director Adrian Boulding says he is “hugely encouraged” by the Government’s commitment to solving the issues around group personal pensions in relation to personal accounts.

Boulding says he has had personal assurances from Pensions Minister James Purnell that the issue will be solved by exempting employers with GPPs from entering personal accounts as long as they are as good or better than the scheme.

The DWP’s response to the White Paper released today confirms that the Government intends to minimise the burden on employers by implementing a simple exempt scheme test for occupational schemes, including hybrid schemes.

Boulding says: “The Government is committed to solving the issue and I am hugely encouraged by that. I am convinced that an employer with a GPP is going to be exempted from personal accounts. This is great news because that is the product of choice that IFAs are selling today.”


Insurance Helpline link-up aims to boost diabetic cover

Specialist broker Insurance Helpline has teamed up with pharmaceutical giant Abbott Diabetes Care to help people with pre-existing diabetic conditions get cover.Abbott produces FreeStyle blood glucose monitoring systems to help people control their condition.Insurance Helpline, which is a subsidiary of Totally Insured Group, will supply monitoring systems free to any person with diabetes who asks […]

They giveth and they taketh away

It was a bad week for Kilminster Financial Management as the IFA firm was stung with a £42,000 fine from the FSA for not treating customers fairly by failing to pay claims promptly.

Providers muddying the waters in PPI market

If the consumer watchdog Which? can get mixed up with the level of refund available from a cancelled single-premium protection policy, what chance does the man in the street have? Reading through an article in May’s edition of Which? magazine, I stumbled across a sentence that made me draw breath. In an article discussing what […]

UK housebuilders remain a value trap – despite post-Brexit falls

By Mark Martin & Holly Cassell, Neptune UK Equities As investors continue to digest the UK electorate’s vote to leave the EU, Neptune’s Mark Martin and Holly Cassell explain why they believe housebuilders remain dangerously overvalued Click here to view full article Important information  Investment risks  Neptune funds may have a high historic volatility rating and […]


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