View more on these topics

DWP to switch on pension TV

Pension advice on digital television is in view after the Department of Work and Pensions approached companies to produce interactive programmes.

Interactive digital TV screens could allow viewers to get advice about pensions in a similar fashion to decision trees. The project is a joint venture between the DWP and the Inland Revenue. Pensions will be the first area to be covered. The DWP is inviting tenders and a decision is expected within weeks.

The Department of Health has piloted an interactive TV service offering basic health advice along the lines of NHS Direct, the controversial phone advice service which has been criticised for being staffed by nurses rather than doctors.

A DWP spokeswoman says: “The idea is to give people advice and bring this into their homes. It is at an experimental stage.”

Torquil Clark pensions development manager Tom McPhail says: “I am encouraged that the Government is looking for solutions but they are looking for them in the wrong place. The Government already has an army of willing, able and highly regulated people in financial services who can offer advice. Individual circumstances are too complex to be accommodated by interactive television. People still like to be told what to do in person.”

Recommended

Firms should take Skandia approach

A national newspaper had an article on August 20 saying that the Financial Services Authority had said that at least Equitable Life had good investment portfolio. That&#39s all right, then. Let us hope that the good investments did not include such blue-chips as Marks & Spencer and ICI which have gone down against the All […]

Pink Home Loans – Exclusive 1.5 Per Cent Discount

Friday, 7 September 2001.Discounted term: One year.Discount: 1.5 per cent.Payable rate: 5.25 per cent.Minimum loan: £25,001.Maximum loan: Up to 100 per cent of valuation subject to a maximum of £150,000.Income multiples: 3.5 times principal income plus second or 2.5 times joint, first-time buyers 3.25 times principal income plus second or 2.75 times joint.Arrangement fee: None.Redemption […]

Deutsche bonds with the market

Deutsche Asset Management has brought out the new Deutsche corporate bond + fund.Created as an open-ended investment company (Oeic), the fund is designed to provide income. It is aimed at cautious investors who are looking for exposure to the stockmarket, but with a low level of risk attached as well as a higher rate of […]

Tony Kempster

Only a couple of weeks into a new job, it is not usually ideal to hit the headlines with news you are withdrawing the revenue stream from your major distribution channel through cutting initial commission on regular-premium pensions. And when your last job was running one of the biggest IFA networks, DBS, the first action […]

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment