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Hargreaves says Pickering may expose pensioners to perils of inflation

Hargreaves Lansdown says Pickering&#39s proposals to remove LPI requirements for occupational pensions will re-introduce the “peril” of inflation for pensioners.

Hargreaves says the move would reduce the cost of final salary schemes and save some from being scrapped but will expose pensioners to inflation at a time when retirement life expectancy is approaching 20 years.

But it welcomed compulsory scheme membership as it believes it is the only way the savings gap can be reduced, although it says it is disappointed that it is optional.

It is also pleased to see the simplification of contracted out rights but says it needs to see how much the proposed new regulator would cost before passing judgement.


Standard Life – Group Personal Pension Flex

Friday, 12 July 2002 Type: Group personal pension Minimum premium: £6,000 a year a scheme Minimum group size: 5 Minimum-maximum ages: 1 &#45 75 Fund links: Sterling one, fixed interest one, index linked one, property one, protection one, structured one, managed one, ethical one, stock exchange one, international one, European one, Japanese one, North American […]

Verity&#39s View

It is becoming a familiar story. A giant company is formed in a few short years by a series of mega-mergers, justified in good times with the jargon of unprecedented opportunities for growth and in bad times by the need to cut costs and consolidate. The growth opportunities fail to materialise as hoped. In fact, […]

Steve&#39s Christmas stocking

Everyone appreciates examples of individuals who are dedicated to their chosen career path but even we could not believe our ears when we heard the following tale.Scottish Life Mortgages director Steve Scholes (above) is so slavishly committed to his calling that we felt a public pat on the back was necessary.As the story goes, Scholes […]


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