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Employers are key for pension future

Industry figures believe that working in partnership with employers is the key to the future of pensions.

Aifa director general Paul Smee said employers have a key role to play in bolstering pension uptake and it is important they are given the feeling that they are part of the solution, which is dependent on incentives. Smee said: “If we do not engage employers in making pensions accessible in the workplace then there will be a gaping hole in the strategy.”

Scottish Widows head of marketing technical Ian Naismith told delegates that there is a need for tax incentives or a move to compulsion for employers to become more involved.

He speculated that there is a reasonable chance the Government could move to compulsion and is waiting for the right political moment to do so, which may be after the next election.

Bamford said: “The future for pensions in the UK is not good in my opinion. Public confidence is shot to pieces and it will take some time to return.”


B&B acquires Aitchison & Colegrave

Bradford & Bingley has today announced the acquisition of Scottish IFA Aitchison & Colegrave as part of its strategy to increase its mid to high net worth business. The IFA is to be rebranded Charcol Aitchison & Colgrave and current management will remain with the business. One of Scotland&#39s leading IFAs, Aitchison & Colegrave has […]

A place in the funds

Overseas property is proving more popular than ever with UK buyers but there can be funding flow problems.Many advisers have had reservations about recommending their clients to use a bridging facility to fund the purchase of an overseas property. However, bridge finance or short-term funding is probably the most underused form of financing and can […]

Life offices press for an end to LPI rule

Life offices are lobbying the Government for the relaxation of the requirement for defined-contribution pensioners to buy a limited price index annuity.Product providers argue that LPI annuities are poor value because the shortage of index-linked gilts means that the cost of providing the inflation protection exceeds the benefits.Figures from Standard Life show that a 60-year […]

Investment trusts to get buyback powers

Investment trusts will be able to buy back their shares and hold them for potential future sale under new Government rules giving boards greater control over their capital structure.From December 1, company law will for the first time permit ITs to buy back their shares and hold them in treasury, effectively eradicating the lack of […]


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