View more on these topics

Elementary lesson in advice

Perhaps Melanie Johnson has not yet sought the view of Social Security Secretary Alistair Darling on whether people offered stakeholder need advice. In the Financial Times (April 27, 1999) he is quoted as follows:

“I have always taken the view that if someone is buying the most elementary product from the financial services industry, they probably need advice. Certainly, on something like a pension, which is more important than buying a house, there has got to be provision for advice.”

Darling is the MP for Edinburgh Central and I can vouch from personal experience (he is my MP) for his knowledge in this area.

Stewart Ritchie

Director (pensions development),Scottish Equitable

Edinburgh

Recommended

Unum takes over Zurich Life Group IP book

Unum has announced it is taking over Zurich Life&#39s group income protection business following Zurich&#39s decision to concentrate on individual protection. The 1,000 strong claims book will be managed by Unum subsidiary Claims Services International. The transfer took effect on April 1 and Unum says it will allow it to further its strong presence in […]

Adding equities to the asset equation

We concluded last week&#39s discussion by examining the merits of investing in commercial property as a core part of an investment portfolio. We compared the benefits of property against the alternative asset classes we have already considered. It now remains for us to add the final asset class – equities – to this series of […]

NDF and Credit Suisse link up for Tessa Isa

NDF Administration and Credit Suisse First Boston are launching a Tessa-only Isa to take advantage of the £21bn worth of Tessas maturing this year. The Tessa Triple Plus is aimed at people looking to reinvest the capital but not the interest saved in their matured Tessa. Its features include 8 per cent a year tax-free […]

Experts say there&#39s still no decision on exit penalties

Pension experts claim the issue of exit penalties incurred when switching from group personal pensions to stakeholder has not been resolved by the Government and regulators despite the introduction of stakeholder this week. They also claim last month&#39s final regulations contained an extra admin burden for providers but the Government did not consult the industry. […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment