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Green Paper no encouragement to new savings – Scottish Widows

The Department for Work and Pensions Green Paper does nothing to encourage people to buy pensions says Scottish Widows.

Applauding the Inland Revenue taxation simplification proposals, Scottish Widows says failure to address the complexity caused by means-tested benefits means private provision will not increase.

Scottish Widows pensions strategy manager Ian Naismith says: “The Green Paper doesn&#39t grasp the issues that encourage people to save more. The industry feels the Government hasn&#39t cracked the State pension yet, but the Government does.”


Pensions admin company MNPA appoints new board members

Pensions administration provider MNPA, a subsidiary of Merchant Navy Officers Pension Fund, has appointed two non-executive directors, John Finan and John Edler as non-executive directors. MNPA says Finan has had a long career in financial services and from 1992 he was chairman and chief executive of Winterthur Life UK. Edler joins MNPA from Hays Commercial […]

Bupa creates condition-led PMI

Bupa has designed a private medical insurance (PMI) plan that provides cover only for cancer and heart conditions.Bupa heartbeat heart and cancer was created after Bupa research found eight out of 10 respondents were worried about cancer and heart conditions the most. The plan covers the initial outpatient consultations and diagnosis to find out whether […]

Isas buck trend as net retail sales rise again UK funds suffer their biggest fall since 1990

Net retail sales of investment funds increased to almost £500m last month but Isa sales slowed to less than £225m, according to the Investment Management Association.The IMA&#39s monthly figures show that, while net retail sales rose to £493m in November from £453m in October, Isa sales slipped to £224m from £238m.Investment funds under management last […]

Halifax urging savers to use tax allowances

Halifax is urging savers to avoid the taxman this Christmas by using up their various allowances.The bank says savers should remember to use up their £7,000 Isa allowance for liquid savings and make use of the tax relief available on pension contributions.It says single people with children should also ensure they are receiving the extra […]


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